El Salvador: Operations begin and aeronautics free zone
Located within the jurisdiction of Zaragoza, the first free zone of the aeronautics industry will begin operation next March.
Friday, January 23, 2009
Elsalvador.com reports on its website: "Initially they will set up the following companies: Aviotrade, which is distributor of airplane parts, Aviotechnology, a workshop which repairs some airplane parts, and a spare parts and accessories storage plant, which due to contractual obligations cannot reveal its name, the president and director of the San Jose Aviation free Zone, Federico Handal, reported."
If the necessary measures are implemented , the aviation industry could attract an investment of at least $150 million in three or four projects.
The Investment Promotion Agency of El Salvador (PROESA) is promoting the concept for which it has already hired an expert firm in aeronautical development.
$6 million is to be invested in the specialized training of air traffic controllers, aeronautical meteorologists, aviation mechanics and inspectors.
There are companies interested in investing in this industry but they need clear rules before making the decision to go to El Salvador.
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