Vinci Airports acquires Dominican Aerodrom companyStaff writer ▼ | December 15, 2015
Vinci Airports signed an agreement with the Advent International private equity firm to acquire Aeropuertos Dominicanos Siglo XXI.
Acquisition The Dominican Republic features an attractive economy
The transaction and the transfer of operations are to take place by the end of the first quarter of 2016.
Aerodrom operates six of the nine airports in the Dominical Republic:
- Las Américas International Airport is one of the island’s largest, serving Santo Domingo, the country’s capital, since 1959. Total traffic amounted to 3.3 million passengers in 2014;
- Gregorio Luperón in Puerto Plata is the gateway to the island’s second largest tourist destination, with 787,000 passengers in 2014;
- Presidente Juan Bosch and Arroyo Barril in Samaná, La Isabela in Santo Domingo and María Montez in Barahona together served a total of 247,000 passengers in 2014.
Overall, the Aerodrom airports handled 4.3 million passengers in 2014, 98% of them international.
Enjoying average annual growth rate of 5% over the past 10 years, the Dominican Republic features an attractive economy and forms a dynamic region.
The country notably benefits from North American growth and the local authorities’ ambitious tourism expansion policy. ■