Puma to build $10M aircraft fuel facility at LMM airport
November 26, 20140699
Aerostar Holdings and Puma executives discuss the newly signed contract for a new aircraft fuel facility.
Aerostar Airport Holdings, LCC and Puma recently signed an agreement through which the fuel company will build a $10 million storage and distribution facility at the Luis Muñoz Marín International Airport to supply airlines operating at the Carolina hub.
“We’re very pleased to reach this agreement with Puma to provide airlines and aircraft with more efficient fuel distribution and through which we’re also increasing the fuel supply, which the airport lacked,” said Aerostar CEO Agustín Arellano.
Puma’s arrival to the airport could represent savings for the airlines, as the addition of a new competitor could spur a drop in prices for aircraft fuel. Puma will be one of three providers, along with BP and Total, when it begins selling its fuel in a month. The new fuel facility should be completed in a year.
Business reporter with 25 years of experience writing for weekly and daily newspapers, as well as trade publications in Puerto Rico. My list of former employers includes Caribbean Business, The San Juan Star, and the Puerto Rico Daily Sun, among others. My areas of expertise include telecommunications, technology, retail, agriculture, tourism, banking and most other areas of the economy.
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