Wed, Feb 27, 2013
Puerto Rican Company Granted A 40 Year Lease For The Facility
Department of Transportation (DOT) Secretary Ray LaHood (pictured) has approved a plan that would allow the Puerto Rico Port Authority (PRPA) and its selected operator to move forward with their privatization of Luis Muñoz Marìn International Airport in San Juan, Puerto Rico.
The secretary's decision and exemptions with specific conditions are based on the FAA Airport Privatization Program requirements that the selected private operator is qualified to operate the airport, meets federal expectations regarding grant assurances, and can comply with general statute requirements relating to airports.
The PRPA proposes to lease the airport to Aerostar, a limited liability company organized under the laws of the Commonwealth of Puerto Rico, for 40 years. Under the terms of the lease, Aerostar will take possession of the property, manage, develop, and operate the airport, hold the Part 139 Operating Certificate, and manage the Part 1542 Airport Security Program. The company will be eligible to impose Passenger Facility Charges, and would be considered a sponsor for receipt of federal grants under the AIP.
The FAA has the right to conduct periodic audits of the financial records and operations of the airport.
Also: CVR/FDR Expansion, Focusing On Santa Monica, NASAO Boss, GE9X Engine, 1000th H-60M, Verizon Drones, New LAS ATC A Transportation Safety Board of Canada team is currently inve>[...]
Aero-News Quote of the Day "Think of this transition as changing an engine on a plane when it's inflight. Rolling out STARS in our nation's busiest airspaces, without disrupting ai>[...]
Aero Linx: The Society of United States Air Force Flight Surgeons (SoUSAFFS) SoUSAFFS was established in 1960 to more specifically support the USAF FS than AsMA at large could. Sin>[...]
Final Approach Point The point, applicable only to a nonprecision approach with no depicted FAF (such as an on airport VOR), where the aircraft is established inbound on the final >[...]
A Few Questions AND Answers To Help You Get MORE Out of ANN!>[...]