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 sector institutions.Hodge, G. A and Greve, C. (2007), Public–Private Partnerships: An International Performance Review, Public Administ ...

privately held company A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is ...

, and

limited liability company A limited liability company (LLC for short) is the US-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 a ...

that operates and manages the

Luis Muñoz Marín International Airport Luis Muñoz Marín International Airport ( es, link=no, Aeropuerto Internacional Luis Muñoz Marín) is a joint civil-military international airport located in suburban Carolina, Puerto Rico, southeast of San Juan. It is named for Luis Muño ...

on behalf of the

Puerto Rico Ports Authority The Puerto Rico Ports Authority (PRPA) ( es, Autoridad de los Puertos; 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 ...

. 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 An airport is an aerodrome with extended facilities, mostly for commercial air transport. Airports usually consists of a landing area, which comprises an aerially accessible open space including at least one operationally active surface ...

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