St. Maarten Airport Closes $132 Million Bond

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News Americas, NEW YORK, NY, Fri. Jan. 11, 2012: St. Maarten’s Princess Juliana International Airport has closed a US$132 million bond that will enable the facility to embark of a major expansion.

That’s the word from Regina LaBega, managing director of the Airport. LaBega, in a lunch meeting with the media on Thursday, said the expansion will be done over a three year period, beginning February 2013, and will include the construction of new taxiways to increase runway efficiency; new facilities for Fixed Based Operators, the expansion of the aprons to provide additional aircraft parking and a new catering operations building.

The airport has received a Baa2 bond rating from Moody’s Investor Service for the issuance of the new bonds. The New York firms of Nomura Securities International and the Standard International Group assisted in the bond issuance.

“We are all very excited about both the high bond rating from Moody’s and the funds that will result from the $132 million bonds we just closed on,” said LaBega. “the issuing of these bonds will enable us to take our already successful airport to new heights in which we can welcome more international flights as well as the growing number of private jet owners that want to come to our Caribbean island.”

In addition to infrastructure revamp and new construction, the airport has unveiled a new website and a new logo. For more see: http://www.sxmairport.com/
With 22 scheduled airlines and some 12 charter services, SXM Airport is served by carriers from the USA, Canada, Europe, Latin America, and the Caribbean with a total of 34 destinations served directly from the airport.

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