NO MOVEMENT ON PRIVATISATION OF PUERTO RICO AIRPORTS

Dino D'Amore
By Dino D'Amore December 9, 2010 11:22

NO MOVEMENT ON PRIVATISATION OF PUERTO RICO AIRPORTS

The Puerto Rican Federal Aviation Administration privatization program has stalled because the airports have failed to reach the required 65% of domestic air carriers operating there sign off on the plan that will be used to seek bids from interested private investors.

American Airlines, the biggest carrier at Luis Munoz Marin International Airport outside San Juan, and other airlines remain in “active” negotiations with Puerto Rico officials, but they have yet to agree on a memorandum of understanding to establish “business terms for privatization that the airlines will accept.”

American has been hoping the process would be wrapped up by the end of November. “This deadline was not met although much progress has been made and discussions continue” said Andrew Backover, a spokesman for AMR Corp’s American Airlines unit.

Dino D'Amore
By Dino D'Amore December 9, 2010 11:22
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