US$400 million for airports

[NewsWhore]

Latin American Airport Holdings (LAAH recently purchased Aerodom's rights to manage the Las Americas (SDQ), Puerto Plata (POP), La Isabela (JBQ), Samana (AZS) and Barahona (BRX) international airports for US$400 million and committed to invest US$1 billion in improvements over the next five years. Aerodom and LAAH officials met with President Leonel Fernandez. Advent International (LAAH's parent company) president Juan Carlos Torres said Advent said the current stability was the key factor in the investment decision. He said that negotiations took 14 months. The airport management contract still has another 20 years to go.

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