BAA invest $8-million for private jet terminal in Tocumen International Airport

Updated: August 24, 2013

The BAA Aviation Flight Support will be investing $8-million in a new private jet terminal at Tocumen International Airport.

Asig Panama SA, a subsidiary of BAA Aviation, will construct and operate the new terminal—which will handle migration for private jet travelers. The 7-hectare complex will feature numerous amenities, including high-class waiting rooms as well as tax-free shopping sectors.

Michael Scheeringa, CEO of BAA Aviation Flight Support, says that the company is investing approximately $18-million over five years in the airport.

Scheeringa continued, “Panama is the connecting door to Latin America because it is an economic hub in Central America, and there are great expectations in it by major global political and economic leaders, and the airport is the first impression they get when entering the country, so you have to give them first-world services.”

According to Tocumen International Airport’s general manager Juan Carlos Pino, around 4,000 private jets pass through the terminal annually—making the construction of a private jet terminal a good investment.


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