Aerodom sale finalized
Vinci Airports has finalised the acquisition of Aeropuertos Dominicanos Siglo XXI, SA (Aerodom), a Dominican company holding a concession contract with the Dominican Government to operate six airports in the Dominican Republic until March 2030. This acquisition follows the agreement signed by Vinci Airports and the Advent International private equity firm in December 2015.
Aerodom operates six of the Dominican Republic’s nine airports:
- Las Américas International airport, serving Santo Domingo, the country’s capital, with a total traffic amounting to 3.5 million passengers;
- Gregorio Luperón airport in Puerto Plata, the gateway to the island’s second largest tourist destination, with 804,000 passengers;
- Presidente Juan Bosch and Arroyo Barril airports near Samaná, La Isabela in Santo Domingo and María Montez in Barahona, serving a total of 202,000 passengers.
Overall, the Aerodom airports accounted for 4.5 million passengers in 2015, 98% of them international.
With an average annual growth rate of 5% over the past decade, the Dominican Republic has an attractive and dynamic economy. The country notably benefits from North American growth and the local authorities’ ambitious tourism expansion policy.
This acquisition is a major milestone in Vinci Airports’international expansion. Operating on three continents and serving more than 100 million passengers, Vinci Airports is now one of the World’s Top 5 leading airport operators.
April 12, 2016
Category: DR News |