Aerostar Airport Holdings

What Aerostar Airport Holdings does

Aerostar Airport Holdings, LLC is a privately held limited liability company that operates Luis Muñoz Marín International Airport (SJU) in Carolina, Puerto Rico under a 40-year exclusive Public Partnership Agreement with the Puerto Rico Ports Authority, established on July 24, 2012 and operational since February 27, 2013. SJU is the first commercial airport in the United States to be operated by a private company, handling over 10 million passengers per year across 15+ airlines and serving as Puerto Rico's largest airport, primary international gateway, and leading air cargo hub. The company invested over $296 million initially to privatize and modernize the airport, funding runway, terminal, baggage, and taxiway improvements.

Aerostar's core offering is full-scope airport operations management, encompassing maintenance, rehabilitation, enhancement, and development of runways, taxiways, terminals, and baggage systems under FAA and Commonwealth regulation. Technology components include CLEAR biometric self-service kiosks with facial recognition and fingerprint/iris identification for expedited passenger processing, modernized baggage screening systems, and the Astronautics AeroSync wireless airborne communication system for data and health monitoring. Product surface includes Terminal D renovations, International Arrivals Hallway, and Taxiway H reconstruction.

Revenue is generated through managed services under the P3 concession model, including landing fees, terminal charges, concession fees, and cargo-related services. The revenue model includes a transaction-fee-style revenue sharing arrangement with the Puerto Rico government, paying 5-10% of annual revenue as lease consideration. Primary customer segments are commercial airlines (both passenger and cargo carriers), with passengers and tourism as downstream beneficiaries; key airline customers include Iberia, American, JetBlue, Southwest, United, Frontier, and Spirit Airlines.

Name

Aerostar Airport Holdings

Legal name

Aerostar Airport Holdings, LLC

Website

https://aerostarairports.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

101–250 employees

Short description

Aerostar Airport Holdings is a privately held LLC that operates Luis Muñoz Marín International Airport (SJU) in Puerto Rico under a 40-year public-private partnership with the Puerto Rico Ports Authority, serving as the island's primary international gateway handling 10M+ passengers annually across 15+ airlines.

Ownership category

akta.pro rank

Product category

Airport Operations & Management

NAICS

Airport Operations (48811), Other Airport Operations (488119)

SIC

Airports, Flying Fields & Airport Terminal Services (4581)

akta.pro primary industry

Aviation Infrastructure Agencies (Public Airports, Airfield Ops, Ground Access) (BPAIALAE)

Keywords

• Airport operations management
• Public-private partnership
• Airport infrastructure management
• Passenger terminal services
• Air cargo hub

Headquarters

HQ city

Carolina

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Airport Operations Management: Operate, manage, maintain, improve, enhance, develop and rehabilitate Luis Muñoz Marín International Airport under a 40-year Public Partnership Agreement with Puerto Rico Ports Authority. Initial investment of over $296 million.
2. Revenue Sharing: Revenue sharing arrangement with Puerto Rico government, paying 5-10% of annual revenue for lease payments

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Aerostar Airport Holdings operates, manages, maintains, improves, enhances, develops, and rehabilitates Luis Muñoz Marín International Airport (SJU) in Carolina, Puerto Rico under a 40-year Public Partnership Agreement with the Puerto Rico Ports Authority. The company delivers airport operations and infrastructure management services covering passenger terminals, air cargo handling, baggage screening, and runway/taxiway systems, supported by an initial investment of over $296 million in modernization.

Product overview

Aerostar Airport Holdings operates as a public-private partnership managing Luis Muñoz Marín International Airport (SJU) in Carolina, Puerto Rico. The company's core offering is the operation, management, maintenance, and development of the airport under a 40-year agreement with the Puerto Rico Ports Authority. Key products and services include airport infrastructure management (runways, terminals, taxiways), passenger processing facilities, air cargo hub operations, and retail/commercial airport services. Infrastructure enhancements include Terminal D renovations, the International Arrivals Hallway, and Taxiway H reconstruction. The company leverages CLEAR biometric technology for passenger identification. SJU handles over 10 million passengers annually with over 15 airlines and serves as Puerto Rico's primary international gateway and leading air cargo hub.

Differentiator

Problem solved

Functional benefit

Products and services

• Luis Muñoz Marín International Airport (SJU) Operations Operation and management of Luis Muñoz Marín International Airport (SJU) under a 40-year public-private partnership with the Puerto Rico Ports Authority, serving over 10 million passengers annually across 15+ airlines as Puerto Rico's primary international gateway and largest airport.
• Airport Infrastructure Management Maintenance, rehabilitation, and enhancement of airport infrastructure including runways, taxiways, terminals, and baggage systems under FAA and Commonwealth government requirements.
• Air Cargo Hub Services Air cargo handling and hub operations at SJU, Puerto Rico's leading air cargo hub serving cargo operators with significant cargo traffic alongside passenger operations.

Quantifiable outcome

• 230% increase in international cargo and passenger traffic since 2013
• +2 more outcomes

Named customers8 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• Iberia AirlinescoreStrategic or Co-development Partner · 1 January 2022SJU and Iberia Airlines partnership to offer direct flights between San Juan and Madrid. The Spanish airline committed to expanding routes from 4-5 weekly flights to daily flights during peak season (August-September). This represents the highest frequency of flights in over 20 years of operations. Partnership includes collaborative marketing and sales agreements to promote Puerto Rico tourism in Europe.
• Puerto Rico Tourism CompanycoreGTM or Marketing Partner · 1 January 2022Partnership for joint tourism marketing initiatives. Executive Director Carla Campos stated Iberia is Puerto Rico's most important trading partner in the European market. The agreement includes promotional campaigns such as 'Live Boricua' to expand flight networks to Puerto Rico.

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Regional players

• Avinor: Norwegian state-owned operator managing 43 airports. Comparable as a publicly affiliated airport operator with P3-style government ownership structure and similar exposure to single-country traffic dynamics.
• Copenhagen Airports: Listed operator of Copenhagen Airport and indirectly involved in international airport consulting. Comparable as a mid-sized publicly traded airport operator running a single major international gateway, similar in scale to Aerostar's SJU-only model.

Broad incumbents

• AENA: Spain's state airport operator and one of the world's largest airport networks by passenger volume. Comparable as a public-affiliated airport operator managing 40+ airports, with a similar regulatory and concession-based revenue model that Aerostar mirrors at SJU.
• VINCI Airports: Concession arm of VINCI, operating 70+ airports globally under long-term public-private partnerships. Comparable as a global P3 airport concession operator with a similar regulatory and capital-intensive model to Aerostar's SJU concession.
• Aéroports de Paris (Groupe ADP): Operator of Paris Charles de Gaulle, Orly, and Le Bourget, with a global portfolio of international airport investments. Directly comparable in business model (aeronautical + commercial revenues) and in managing 10M+ passenger international gateway airports.
• Fraport: Frankfurt-based global airport operator with international concessions. Comparable as a publicly listed airport operator with diversified portfolio of airport management contracts and concessions, providing a benchmark for Aerostar's single-asset P3 model.

Direct peers

• TAV Airports: Istanbul-based airport operator with global concessions and a build-operate-transfer (BOT) model. Closely comparable to Aerostar as a private airport operator running international hubs under long-term concession agreements with public authorities.
• Manchester Airports Group (MAG): UK-based privately held airport operator running Manchester, Stansted, and East Midlands airports. Comparable as a private airport operator with a portfolio model — relevant if Aerostar expands beyond SJU via additional concessions.
• Grupo Aeroportuario del Sureste (ASUR): Mexican-listed airport operator that also holds US airport interests via ASUR US Airports, LLC. Directly comparable as an airport concession operator with multiple international gateways, similar revenue model (aeronautical + non-aeronautical), and P3-style relationships with public authorities.

Emerging players

• GMR Airports: Indian airport operator with international concessions (e.g., Mactan-Cebu in the Philippines). Comparable as an emerging-market private airport operator expanding internationally through P3 concessions, similar in growth profile to Aerostar's SJU expansion trajectory.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks3 records

Key highlights7 records

Customer concentration

• Xx.com/aeropuertosju
• Facebookfacebook.com/AeropuertoSJU
• LinkedInlinkedin.com/company/aerostarairportholdings

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Aerostar Airport Holdings