The company managing San Jose International Airport will be issuing bonds in order to refinance bank debt assumed in the works to expand the terminal.
From a statement issued by Moody´s:
New York, September 18, 2015 -- Moody's Investors Service, ("Moody's") assigned a provisional rating of (P) Ba2 to Aeris Holdings Costa Rica S.A. de C.V.'s issuance of approximately US $127 million of senior notes ("Notes"). Proceeds will be used to refinance the outstanding loans consisting of roughly $89 million obtained in 2011 from Overseas Private Investment Corporation and Inter-American Development Bank, and $25 million of the IBSA Subordinated Loan (a loan from the shareholders).
Of the 4,500 square meters of new commercial area in the Juan Santamaría, 850 square meters are available, which are expected to be tendered in June and July.
Café Britt is the first company that has moved into to this new area and left its old 299 m² premises available, and a competition is already underway to awarded them to another company. In addition to those premises, the only other space left is 550 m², in which the Costa Rica company Aeris, administrator of the terminal, will incorporate shops dedicated to selling clothes and accessories.
A terminal for domestic flights and a new fire station are part of the works that the administration of San Jose International Airport plans to start in November.
This project includes two ramps for aircraft waiting at the new domestic terminal and a fire station in in the southern sector, and it is expected that construction will start in November this year.The investment for these two works to be carried out simultaneously amounts to $20 million and is expected to be completed during 2016.
The tourism minister has ruled out the possibility of building a new airport, arguing that the current one has sufficient capacity and there is a more urgent need for improving and expanding the one in Liberia.
Following the ending of the contract with the company Exact Change, which offers the service of exchanging currency, Aeris Holding Costa Rica has started procedures for selecting a new provider.
The company managing Juan Santamaria International Airport announced the end of the contract with the Spanish exchange services provider Exact Change, due to the fact that it has not completed the process of registering with the Central Bank of Costa Rica and the Superintendent of Financial Institutions. Therefore preparations are being made, for the coming months, to release specifications for a new tender for the service.
Two new boarding gates and one thousand square meters of commercial areas are to be built with an investment of $20 million at the main airport in Costa Rica.
3000 meters of construction will be added to the fourth stage of the airport that consists of "... In two boarding gates with their respective connecting sleeves which will be located east of the main building." While the second part of the project involves the construction of 1,000 meters dedicated to commercial areas.
The elimination of LACSA routes, which in 2013 changed hands to Avianca, partly explains the reduction in landings and takeoffs at the two main airports compared to 2012.
In 2013 76.287 landings and takeoffs were recorded in the two major international airports in the country, while in 2012 this figure was 80.007, according to the National Directorate of Civil Aviation.
The Spanish company FCC won the $34 million contract to build a 10,000 m² hangar for aircraft maintenance.
The International Civil Aviation Organization (ICAO) made the award for the new hangar where the cooperative in charge of repairing and maintaining aircraft will be relocated to. The new structure will be located 150 meters from the runway of the Juan Santa Maria airport and will be ready in 18 months.
The low-cost airline JetBlue has announced that from June 2013 it will operate daily flights between Hollywood International Airport in Fort Lauderdale and Juan Santamaria in Costa Rica.
At a press conference in Costa Rica, Jeff Goodell, Vice President for Government Affairs at JetBlue, said: "As the community of Costa Rica has found out JetBlue, offering legroom, movies on the back of every seat, free snacks and drinks, and a high level of service, we have been able to grow and continue our strong track record in the country. Due to this fact, we are proud to add the third route of JetBlue in Costa Rica. "
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