Steer Davies Gleave supported Aerostar Airport Holdings, LLC (a consortium comprising US-based infrastructure investment firm Highstar Capital and Mexican airports operator, ASUR) in its successful bid for Luis Munoz Marin Airport at San Juan in Puerto Rico.
The project reached financial close in the first quarter of 2013. We undertook a lenders advisory role during 2012/13 for the winning consortium, focusing on traffic and revenue (aeronautical, non-aeronautical) issues.
San Juan is the first airport to be successfully privatised under the US FAA’s Pilot Privatisation Program’ and is one of the largest airports in the Caribbean.
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