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Mexicans win $2.6 billion Puerto Rico airport deal

Friday, July 20, 2012

A Mexican company will take over operations of Puerto Rico’s main international airport as part of a $2.6 billion deal that the U.S. territory’s government said will improve service and increase the number of flights and destinations.

Aerostar Airport Holdings said it plans to invest more than $1.4 billion at the Luis Muñoz Marín airport in San Juan.

The company is a joint venture of Highstar Capital and Grupo Aeroportuario del Sureste, which operates the Cancun airport and eight other airports in southeastern Mexico.

Source: Washington Post