The company Aeropuerto Internacional de Tocumen has been authorized to issue securities in the local and international market for an amount of up to $1.275 billion.
A statement from the Presidency of Panama reports that “… Through Executive Decree authorization has been give to the corporation called Aeropuerto Internacional de Tocumen, S.A. (AITSA) to make one or more issues of securities in the local capital market and / or in the International Capital Markets in the amount of up to 1.275 million dollars to finance investment programs totaling up to 625 million balboas and the remaining amount for operations to manage existing debt (650 million dollars). ”
The General Manager of Aeropuerto Internacional de Tocumen Joseph Fidanque III, explained that the AITSA in order to comply with the proper provision of public service management requires airports, within their expansion plans, to implement projects needed to provide users of the Air Terminal at Tocumen, with an efficient and quality service.
He added that the AITSA must have timely financing for expansion programs that have been programmed, and also meet the financial commitments made through previous issues. “
Tom, Thanks for bringing that to our attention. Looks like we been following the topic for a while etc… ( I am in China/PRC now working as an English teacher but several degree/s20+ years of experience in other things etc…It looks like the real estate market here is taking off (disregard the pundits b/c – most of them R just talking heads etc… )- Reference possible – Marti ( ella trabajaba con mi madre hacia un tiempo en artensia y su esposo fue el president de el paise ( but he was too honest y had 2 just be a funcionario instead of a political etc… – dave