Archive for May, 2007
Airport - The Princess Juliana International Airport operating company N.V. will introduce an Airport Improvement Fee (AIF) as of July 1, 2007. The AIF, a temporary charge of US$ 5.00, is meant to help off set the cost for the improvement of the airport infrastructures and services at Princess Juliana International Airport. It is projected to be in place until December 31, 2011, subject to the development in passenger traffic.
The new terminal building and related works of the Phase II Capital Investment Project whick were taking into operation in October 2006, represents an investment of some US$ 92 million. The project was financed on the international capital market via a commercial loan. As is customary, airports usually introduce a special charge in addition to regular rates and charges to cover new capital investments. The AIF will go toward helping meet the financiel obligations among which the payments for interest and principle on the loan.
PJIAE maintains a rates and charges policy that reflects the costs of the airport infrastructure and services rendered and that is competitive with other regional airports in terms of value for money. “While preparing our business plan we have done extensive studies to review that the improvements would be executed considering our competitive position” said President drs. Holiday. “We received endorsement from Government with its approval of the phase II capital investment project” he continued.
The fee applies to domestic and international departing passengers. To facilitate a smooth passenger flow the AIF will be collected via the airline tickets. The temporary fee will be withdrawn when passenger levels increase to sustain the investment.
Princess Juliana International Airport operating company N.V.
Simpson Bay,
drs. Eugene B. Holiday
President
Airport - The operations of Princess Juliana International Airport were affected yesterday afternoon due to an electrical problem. GEBE experienced a power outage. The power returned with a surge causing the main switch in the GEBE power house at the airport to trip. This prevented the electricity from entering into the building. The equipment that regulates the activation of our generator detected GEBE electricity and as a result the generator safety mechanism switched off the generator, leaving the facility without electricity.
The problem started around 02:45 pm after which the airport technical department immediately started to examine the problem to ensure that remedial measures were taken. At approximately 04:30 pm the issue was resolved and restoration of all affected systems began.
An information circular was sent to all tenants to inform them of the unfortunate events and to express our apologies for any inconvenience caused as a result of the incident.
Princess Juliana International Airport Operating Company N.V.
Simpson Bay,
drs. Eugene B. Holiday
President