The Department of Transportation Federal Aviation Administration Southern Region awarded a $3.9 million Project Grant to Aerostar Airport Holdings LLC under the Airport Improvement Program, COVID-19 Airports Programs, and Infrastructure Investment and Jobs Act Programs (CFDA 20.106). This funding will provide economic relief in the form of rent reductions and waived minimum annual guarantees to airport concessions located at primary airports associated with San Juan, Puerto Rico. The grant aims to prevent, prepare for, and respond to the COVID-19 pandemic by assisting eligible U.S. airports and airport concessions. Aerostar Airport Holdings LLC will deliver this assistance to airport concessions in Puerto Rico from December 2021 through December 2025.
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