Ports in talks to move National Guard air facilities to Ceiba
February 20, 2013
Talks are underway between the Ports Authority and the Puerto Rico National Guard to move the latter’s operations out of Isla Grande’s Fernando Ribas Dominicci and Luis Muñoz Marín International airports to Ceiba, to free up valuable space at the metropolitan area air transportation facilities.
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Moody’s assigns ‘Baa3’ rating to $350M Aerostar bonds
January 10, 2013
Moody's Investors Service announced Wednesday it has assigned provisional ‘Baa3’ ratings to Aerostar Airport Holdings, LLC's $350 million of senior secured bonds. The outlook is stable. Bond proceeds will be used to partially fund the acquisition of a long-term lease to operate the Luis Muñoz Marin Airport.
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FAA expected to decide on airport P3 in a week
January 4, 2013
In about a week, the Federal Aviation Administration is expected to make its decision on the public-private partnership agreement through which the government of Puerto Rico would turn over the management of the Luis Muñoz Marín International Airport to Aerostar Airport Holdings for the next 40 years.
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ASTA: Puerto Rico will feel ‘domino effect’ of exiting airlines
December 10, 2012
American Society of Travel Agents Puerto Rico chapter President Daphne Barbeito is urging the Puerto Rico Tourism Compamy to urgently address the separate decisions by airlines Iberia and British Airways to pull out of the local market.
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Southwest Airlines to start flying out of LMM in April
November 1, 2012
Southwest Airlines announced Thursday the start of new service between the the Luis Muñoz Marín International Airport in Carolina to Orlando and Tampa Bay, Florida starting April 2013.
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Puerto Rico gov’t would ground airport P3 if FAA rejects
October 10, 2012
Puerto Rico Public Private Alliance Authority Executive Director David Álvarez acknowledged Tuesday that if the Federal Aviation Administration fails to give its go-ahead to the Luis Muñoz Marín International Airport P3, the government would not pursue another such deal.
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Op-Ed: Insights for future participants of an FTZ
October 1, 2012
The recent public announcement regarding the extension of the Foreign Trade Zone (FTZ) to the Rafael Hernandez Airport in the northwestern town of Aguadilla could produce a renewed interest from domestic and global businesses concerning the purpose and niceties of this international trade operation.
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Air Flamenco claims Cape Air got ‘preferential treatment’
September 28, 2012
The president of Puerto Rican airline Air Flamenco asked the local government to reconsider its endorsement of a subsidy to Massachusetts-based Cape Air for flights connecting the Luis Muñoz Marín International Airport.
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Grupo ASUR already eyeing changes for LMM
August 20, 2012
The transaction has yet to receive the final go-ahead from the Federal Aviation Administration, but Grupo Aeroportuario del Sureste is already in the planning stages of several significant changes ahead for all three terminals in use at the Luis Muñoz Marín International Airport that include new commercial spaces and shuffling things around, company officials said last week in Cancún.
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Cancún Airport offers glimpse of LMM’s future
August 16, 2012
CANCÚN, Mexico – Based on the premise that aviation and airports are a global industry, Mexico’s Grupo Aeroportuario del Sureste (ASUR) is planning to apply the same high operating standards it has in place at the Cancún International Airport in this busy tourism hub to the Luis Muñoz Marín International airport in San Juan.
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US DOT Secretary LaHood inspects infrastructure projects
August 15, 2012
U.S Transportation Secretary Raymond LaHood took a tour of some of Puerto Rico’s major infrastructure projects Tuesday, when Gov. Luis Fortuño outlined the $23 million in federal funds the island is spending on safety and airport development projects.
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Aerostar signs 40-year lease to manage LMM airport
July 25, 2012
The job of modernizing the Luis Muñoz Marín International Airport so that it becomes a world-class international gateway that is profitable and attractive to travelers will require significant capital investments and networking — and will not happen overnight.
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LMM airport expected to take off through P3 concession
July 20, 2012
The cash offer submitted by Aerostar Airport Holdings — a consortium comprised of Grupo Aeroportuario del Sureste (ASUR) and Highstar Capital IV, L.P. — to run the Luis Muñoz Marín International Airport edged out its competitor’s proposal by just $48 million, Puerto Rico Public Private Partnership Authority Executive Director David Álvarez said Thursday.
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Aerostar Airport Holdings lands LMM P3 contract
July 19, 2012
Exactly one week after receiving proposals from the last two remaining consortiums vying to take over the management of the Luis Muñoz Marín International Airport, Gov. Luis Fortuño announced today the government has chosen Aerostar Airport Holdings for the job.
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Seaborne Airlines announces new LMM-Tortola flights
July 18, 2012
Less than a month after announcing plans to expand its fleet of aircraft, investing more than $7 million in three new planes, regional carrier Seaborne Airlines confirmed Tuesday plans to launch twice-daily flights from the Luis Muñoz Marín International Airport to Tortola’s Terrence B. Lettsome International Airport
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