Centerlines - June 2013 - (Page 22)

COVER STORY Puerto Rico transaction sparks renewed interest in privatization BY NICOLE NELSON Path paved for Chicago and other U.S.-governed airports Open dialogue and a close working FAA relationship vital San Juan’s private equity investors see opportunities to better serve the passenger Juan with nonnon-aeronautical offerings through the airport’s $250 million capacity enhancement plan. enhancem “The deal is good for the market, it is great to have the closing behind us, and it is great to be running the airport now.” – Emmett McCann 22 CENTERLINES | JUNE 2013 A fter enduring a process lasting the better part of three years, Emmett McCann was among the group of stakeholders pleased to receive the keys to San Juan’s Luis Muñoz Marín International Airport in a historic $2.6 billion transaction that may very well pave an expedited path for other U.S.-governed airports considering privatization. As a partner at New York-based infrastructure investment firm Highstar Capital, McCann was instrumental in structuring a deal that was a win for not only Highstar and 50/50 joint venture partner, Grupo Aeroportuario del Sureste , but for the many constituents involved in the first sustainable public-private partnership arrangement to culminate since Stewart International Airport tested the waters as the first commercial service airport to participate in the FAA’s pilot Emmett McCann privatization program sits on the Aerostar from March 2000 to Airport Holdings Board of Directors October 2007. and “The deal is good for that operates Luis manages the the market, it is great to Muñoz Marín International have the closing behind Airport on behalf us, and it is great to be of the Puerto Rico running the airport now,” Ports Authority.

Table of Contents for the Digital Edition of Centerlines - June 2013

President's Message
Canadian Airports
Associates' Corner
Policy Corner
The Control Tower
On the Hill and on the Stump
Cover Story: Privatization
Customer Service: Partners in a Better Passenger Experience
Marketing Perfecting-And Protecting-Your Brand
Now Underway
Grand Openings
New Members
Index of Advertisers/
Box Scores

Centerlines - June 2013