Aerostar Airport Holdings, LLC is the

public–private partnership A public–private partnership (PPP, 3P, or P3) is a long-term arrangement between a government and private sectors, private sector institutions.Hodge, G. A and Greve, C. (2007), Public–Private Partnerships: An International Performance Revie ...

privately held company A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equi ...

, and

limited liability company A limited liability company (LLC) is the United States-specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of ...

that operates and manages the

Luis Muñoz Marín International Airport Luis Muñoz Marín International Airport (Spanish language, Spanish: ''Aeropuerto Internacional Luis Muñoz Marín'') , previously known as Isla Verde International Airport (Spanish language, Spanish: ''Aeropuerto Internacional de Isla Verde''), ...

on behalf of the

Puerto Rico Ports Authority The Puerto Rico Ports Authority (PRPA) (; AP) is a government-owned corporation of Puerto Rico charged with developing, operating, and overseeing all seaports and airports in Puerto Rico. The Authority is ascribed to the Department of Transpor ...

. Since 2017, the company is 60% owned by

Grupo Aeroportuario del Sureste Grupo Aeroportuario del Sureste, S.A.B. de C.V., known as ASUR, is a Mexican airport operator headquartered in Mexico City, Mexico. It operates 9 airports in the southeastern states of Mexico, including that of Cancún. It is the third largest ai ...

, a Mexican airport management firm, and 40% by PSP Investments/AviAlliance. Aerostar has a forty-year lease to manage and upgrade the airport, including the investment of nearly $1.4 billion in capital improvements over the course of the lease.

References

{{coord missing, Puerto Rico Airports in Puerto Rico Public–private partnerships in Puerto Rico Multinational joint-venture companies 2012 establishments in Puerto Rico