The airline plans to build a hangar for carrying out heavy maintenance processes on its fleet of aircraft.
The airline is also evaluating moving all of its aircraft maintenance to Panama which would bring cost savings.
The enlargement of maintenance works requires a hangar for which "the company is only waiting for the airport administrators to transfer the land in order to begin building the new structure."
An agreement has been made to give tax exemptions to Aerotel SA, part of Empresas Bern, for the construction of the Hotel Crowne Plaza Aeropuerto, near Tocumen International Airport.
Prensa.com reports: "Empresas Bern will benefit from tax incentives, according to the provisions of Resolution No. 078 of June 7 in the official newspaper, a total exemption for a period of five years from import tax on construction materials, and 10 years for furniture, fittings and equipment. "
With an investment of $20 million the Crowne Plaza Panama Airport will be constructed, one minute from Tocumen International Airport.
Intercontinental Hotels Group and Bern Hotels & Resorts have signed an agreement to build the Crowne Plaza Panama Airport, which will be located on the premises of Global Business Terminal in Torremolinos, Tocumen.
The project which will open in the next 24 months, will be the closest to the Tocumen International Airport, a distance of about one minute.The hotel will have 126 rooms, a restaurant, exercise room, business center, bar and meeting rooms, however there are plans to increase the number of rooms to three thousand in the future.