Panamanian Resort Breaks Ground for Private Airport

Business Jet Traveler » April 2008
Tuesday, April 1, 2008 - 5:00am

Cuna de Vida, a new brand of luxury resort, has announced the start of construction of Del Rey Airport, which it said will be the world's first full-service, private international airport. It will be located on Isla Del Rey in the archipelago of Las Perlas in Panama and will accommodate aircraft as large as the Boeing Business Jet. The terminal will house a lounge and customs and immigration services, and fueling and resort ground transportation will be available. The airport represents the first development phase of Cuna de Vida, which will include luxury resorts, a marina, spas and a restaurant.

Share this...

Add your comment:

By submitting a comment, you are allowing AIN Publications to edit and use your comment in all media.

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
 

Quote/Unquote

““CEOs go to their vacation homes just after companies report favorable news, and CEOs return to headquarters right before subsequent news is released. More good news is released when CEOs are back at work, and CEOs appear not to leave headquarters at all if a firm has adverse news to disclose. When CEOs are away from the office, stock prices behave quietly with sharply lower volatility. Volatility increases immediately when CEOs return to work.” —David Yermack, a New York University finance professor, whose recently released study shows a correlation between when CEOs take their private jets on vacation and movements in their companies’ stock price ”

-David Yermack