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Construction of new Honduran airport begins.

M2 EQUITYBITES-February 7, 2017-Construction of new Honduran airport begins


Construction of the International Airport of Palmerola, located in the city of Comayagua, approximately 50 miles northwest of Tegucigalpa, is expected to increase connectivity domestically throughout Honduras, while providing another transition point for international travelers, the Honduras Presidency said.

The airport will cost around USD 163m and expects to be completed in 18 months. The construction is predicted to generate 7000 direct new jobs, while benefiting more than 30,000 people, namely in the Valley of Comayagua. The airport's plans include the construction of a control tower, commercial areas, and ample parking, along with seven distinct terminals for both domestic and international travel. The new structure will also house the Hernan Acosta Mejia Aviation School, currently located in Tegucigalpa.

The International Airport of Palmerola reflects another step forward in Honduran president Juan Orlando Hernandez's economic plan, Honduras 20/20, an initiative that seeks to further stimulate the Honduran economy through investments in numerous Honduran sectors, including the airline industry.

Throughout the fourth quarter of 2016, Honduras made numerous accomplishments in its connectivity. In early October, Spirit Airlines began to offer direct flights from various US cities, followed by a new partnership with Air Europa, established at the end of November, which will allow the European airline to offer nonstop service from Madrid to San Pedro Sula.

By continuing to find innovative ways to serve both domestic and international populations through increased connectivity, Honduras invites international interest in investment, commerce, and tourism, three key industries in the country's sustainable development.

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Publication:M2 EquityBites (EQB)
Geographic Code:2HOND
Date:Feb 7, 2017
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