Panama: Investment in Colon Airport

A flying school and a hotel are part of the proposals put forward by Panamanian and Venezuelan companies to be developed in the airport in the province of Colon.

Thursday, June 18, 2015

There is interest in taking advantage of the currently unused capacity of the airport which was initially designed for cargo and tourism, and built at a cost of $58 million.

As confirmed by Prensa.com investor groups who are interested "... must now submit a plan of action or concrete business plan so that a commission can then evaluate what the future will be of the airport built to international standards, but which never received a commercial flight ... ".

Abelardo Sucre, manager of regional airports at Tocumen SA confirmed that if it is concessioned "... the Ministry of Economy and Finance (MEF) and the Comptroller General of the Republic will have to make an appraisal and based on the evaluation will determine a formula for calculating the percentage to be asked ... "

More on this topic

Another Proposal to Enable Flights to Airport in Colon

January 2017

In partnership with a foreign airline Tocumen S.A. will carry out a feasibility study on implementing regular flights to the Enrique Jimenez airport in Colon.

The terminal, in which $58 million was invested and which still does not receive flights, could start to recover if the plan by administrator, Tocumen S.A. is successful.

Colon: An Airport Without Planes

June 2016

Despite the announcement of projects such as the construction of a workshop for aircraft maintenance and a hotel, the Panamanian airport Enrique Jimenez is still underused and has attracted no attention from airlines.

The airport built during the Martinelli administration was initially designed for cargo and tourism, but lack of demand has meant the terminal has turned out to be an unprofitable investment.

Panama: Business Sought for Colon Airport

May 2015

The air terminal built during the Martinelli administration does not receive any commercial flights and Tocumen SA is looking for alternative uses for it in order to make it profitable.

The airport, which required an investment of $58 million, does not operate commercial flights, therefore Tocumen SA is analyzing different alternatives to find another use for the terminal so that it can start generating profits.

Tocumen SA to Manage Three More Airports

June 2012

The airports of David, Rio Hato and Colón will change administration to be run by the same company that runs the Panama International Airport.

"The assets and liabilities of the airports of David, Rio Hato and Colon -terminals that are administered by the Autoridad Aeronáutica Civil (AAC) - will be transferred to "without consideration of payment" to Aeropuerto Internacional de Tocumen, S.A., as stipulated in executive Order No. 654 of June 5, 2012 and which was registered in the Official Gazette yesterday", reported Prensa.com.

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