Into its 20th year flying to Santo Domingo, Martinair announced it would increase its flights to six a week. Martinair has transported half a million European tourists over the past 10 years, and more than 10 million kilograms of air cargo. Joris Wels, executive vice president of Martinair Holland announced that the airline is strengthened after Air France and KLM aviation group purchased the majority of Martinair shares.

Martinair says that in the next years it will be adding six new A330-300 to its fleet. Martinair recently celebrated its 20 years flying to the Dominican Republic from Amsterdam. Martinair has flights to Dominican airports with stopovers in Cuba and the Netherlands Antilles. Martinair offers connections through Schiphol Airport of Amsterdam, named the best airport in Europe in 2009.

CAE, which owns and operates the airport, will build a new runway and taxiway suitable for larger aircraft and expand the passenger terminal. The expansion will enable increased passenger capacity, improve services, and diversify destination markets. It also will benefit the local economy by supporting tourism, a key source of foreign exchange and fiscal revenues.

The airport serves top-tourist destinations of the Punta Cana and Bavaro regions and is the country’s busiest and fastest-growing airport. During the first 10 months of 2009, it handled about 3.2 million passengers and accounted for roughly 43.2 percent of total air passengers in the Dominican Republic.

“In 1984, we opened the Punta Cana International Airport, an essential infrastructure project for the Dominican Republic’s economic and social growth,” said Frank Rainieri, President and CEO of Grupo Punta Cana SA, CAE’s shareholding company. “We welcome IFC’s financial support and expertise in this project that will help enhance regional development.”

Salem Rohana, IFC Representative in the Dominican Republic, said, “IFC’s support of the Punta Cana International Airport project shows our commitment to helping develop the local infrastructure and tourism sectors, a cornerstone of our strategy in the Caribbean. It also reiterates our continued support of the region in the aftermath of the global financial crisis.”

Banco BHD, a leading commercial bank in the Dominican Republic and IFC investment bank provided an additional $10 million in co-financing for the expansion. “With this financing, BHD once again demonstrates its commitment to supporting the development of its corporate clients, while also partaking in the social and economic progress of the Punta Cana region and the country,” said Carmina Pellerano, Banco BHD Vice President of Corporate Banking, Large Corporations, and Multinationals.

IFC’s committed investment portfolio in the Dominican Republic is $183 million. Over the past 10 years, IFC’s investment in the Caribbean totaled $1.2 billion, including $268 million in syndications, for 61 projects. IFC is expanding operations in the Caribbean, with special focus on diversifying economies and strengthening private sector competitiveness to stimulate economic growth and job creation. Priority sectors are infrastructure, health, education, tourism, and the financial sector to promote access to finance for micro, small, and medium enterprises.

IFC is the only international financial institution focused exclusively on the private sector, the engine of sustainable development in emerging markets. Along with IBRD, it is currently seeking a capital increase to strengthen its ability to create opportunity for the poor in developing countries-including by supporting infrastructure projects in the Caribbean.

SANTO DOMINGO.- The first direct flight from Moscow landed at international Punta Cana International Airport (east) Sunday, after a Russian airline Transaero Boeing 747-400 covered a distance of 11,000 kilometers, flying 12 hours.

The tow-story jet fly a total 352 passengers; 11 in first class whose seats can also become beds; 56 in business, and 285 in economy. The aircraft will join the fleet of the company’s 29 planes.

Transaero representative in the country Ruscan Pirogov, and Dominican Tourism Promotion Office (OPT) director in Russia, Galina Lyssenko received the flight, accompanied by journalists.

The days of the flights from and to Russia are Thursday and Sunday although according to Pirogov, “starting November we’ll be flying three or four times per week from Moscow and possibly from other airports.”

Transaero began operations in the country on December 30, 2003 with a flight every two weeks, using a Boeing 767-300, with a capacity for 230 passengers.

Source: DominicanToday.com

Santiago is one of the Dominican Republic’s main cultural and educative centers and industrial zones, which produces rum, leather and textiles.

Located in the central Cibao valley, it’s the main city of a region with the highest income per capita in the country.

The new Atlanta-Santiago flight completes the nonstop service Delta already offers between Atlanta and Santo Domingo, Puerto Plata and Punta Cana.

Source Diario Libre and DominicanToday.com