Germans win Honduras airport concession
A German company will for the first time operate a major airport in the region.
Munich International Group together with local partner Emco Inversiones (Spanish only) last month won a $136 million, 30-year concession, to build and operate Honduras’ Palmerola International Airport, located 95 kilometers from the capital, Tegucigalpa.
Headed by Michael Kerkloh, the company in 2014 had after-tax earnings of €100 on revenues of €1.2 billiion, the same as a year earlier.
The cost of the concession is low, since Palmerola currently operates as the Enrique Soto Cano air force base, used by Joint Task Force Bravo of the United States Southern Command, which will share the facility.
With 2014 passenger traffic of 40 million, Munich International is the second busiest airport in Germany after Frankfurt, and Europe’s seventh largest, including flights to 66 countries.
Based in San Pedro Sula, Emco provides products and services to the Honduran construction sector, including industrial buildings.
Local and regional traffic will continue to use Tocontin airport, which – located in the Tegucigalpa area - has no room to expand.