NewsWhore
11-27-2007, 04:30 PM
The Dominican Airport Consortium (AERODOM) has begun negotiations to sell its concessions to operate the Las Americas, Puerto Plata, Samana and Barahona international airports. The concessions were awarded to them in 1999, for 20 years, which was then extended by five years in 2002, bringing the expiry date to 2019. The Hazoury Group said that negative projections for the international airline industry and the group's focus on other activities were their motives for selling the concessions.
Diario Libre also points to the recent announcement of having to revoke a US$500 million placement in bonds on international capital markets because of adverse conditions as one of the reasons behind the decision to sell the money-making concession.
Diario Libre writes that what had been considered good business has turned into bad business due in part to rising costs in the aviation industry in recent years and the increasing quality of other airports in the DR, which has affected Aerodom's airport business.
More... (http://www.dr1.com/index.html#8)
Diario Libre also points to the recent announcement of having to revoke a US$500 million placement in bonds on international capital markets because of adverse conditions as one of the reasons behind the decision to sell the money-making concession.
Diario Libre writes that what had been considered good business has turned into bad business due in part to rising costs in the aviation industry in recent years and the increasing quality of other airports in the DR, which has affected Aerodom's airport business.
More... (http://www.dr1.com/index.html#8)