STAR AMERICA SELECTED TO INVEST IN AIRGLADES INTERNATIONAL AIRPORT
August 21, 2019
(Roslyn Heights, NY) – Hendry County, Florida and Airglades International, LLC (AIA) announced Monday that: (i) the U.S. Federal Aviation Administration had deemed its application under the Airport Investment Partnership Program (AIPP) to be “substantially complete,” with publication in the Federal Register for a 30-day notice-and-comment period, (ii) it had selected AvPORTS as airport operator and Star America as a private investor and equity provider in a new all-cargo and perishable goods airport to be located at the current General Aviation Airglades Airport in South Florida, and (iii) Airport sponsor Hendry County, Florida had previously entered into a purchase and sale agreement with AIA, and approved this week the addition of Star America and AvPORTS to the project.
“We are excited by the opportunity to work with AIA and Hendry County to further develop commercial opportunities at Airglades International Airport,” said Christophe Petit, President of Star America Infrastructure Partners. “This is just the beginning of what we hope will be a successful relationship that will have a positive and lasting impact for the region.”
Star America is optimistic that following FAA approval, it will ultimately be adding this investment to its portfolio.
About AIA: AIA, LLC manages the current Airglades General Aviation airport and supported Hendry County in completing the AIPP application. AvPORTS is an affiliate of AFCO, and provides integrated management services for mid-sized airports, including Albany, Steward, Westchester County, Gary/Chicago, and Teterboro airports, based in Dulles, VA.
Read the full press release from AIA here.
FOR INQUIRIES:
Christophe Petit, President
Star America Infrastructure Partners, LLC
Tel: +1 516 882 4100
cpetit@starinfrapartners.com
ABOUT STAR AMERICA
Star America, a subsidiary of Tikehau Capital, a European listed asset management and investment group with €27.2 billion of assets under management (as at 30 September 2020) and shareholder equity of €2.8 billion (as at 30 June 2020), is a U.S. headquartered developer and manager of infrastructure assets in NorthAmerica. With an investor base that includes large institutional investors such as insurance companies and pension funds, among others, Star America focuses on delivering infrastructure projects primarily across the transportation, social, environmental and telecommunications sectors. As of September 30,2020, Star America has over $700+ million Assets Under Management and our track record includes investments in 15 infrastructure assets, which have a total project cost valued at greater than $5 billion. Star America’s mission is to become the preferred partner in rebuilding America’s infrastructure.
