The Caribbean’s busiest airport could go private, TC hears.
Two groups have submitted competing offers to privatize and run Luis Munoz Marin Airport in San Juan for the next 40 years.
If true, the deal could be a win for the government-run Puerto Rico Ports Authority, which is weighed down by long-term debt.
Privatization not only would provide fresh cash for the airport operation but would also increase yields on air routes, bump up passenger traffic and ultimately boost tourism, or so the bidders claim.
San Juan’s airport handles approximately nine million passengers a year, but lots more potential exists, according to airport officials.