Aeris Holdings Costa Rica has refinanced the debt of the Juan Santamaría International Airport PPP, Costa Rica's main airport.

Aeris has issued approximately US$127 million of senior notes to refinance the outstanding loans consisting of roughly $89 million obtained in 2011 from Overseas Private Investment Corporation and Inter-American Development Bank, and $25 million of the IBSA Subordinated Loan.

Moody's has assigned a provisional rating of Ba2 to the notes. According to the company, the Ba2 rating is supported by, among others, the airport's strategic importance to Costa Rica, where its market share is 80% of total air travel.

Aeris  operates the airport under a management contract "Contrato de Gestión Interesada (CGI)" due May 2026. The firm provides services for the operation, management, maintenance, renovation, financing, construction and promotion of the airport.

Juan Santamaría International Airport is the primary airport serving San José, the capital of Costa Rica. The airport is located near the city of Alajuela, 20 km west of downtown San José. The airport is hub of local airline Nature Air and Sansa Airlines, and focus city airport for Copa Airlines and Avianca.

Recent passenger trends have been positive, with a compound annual passenger growth of 3.2% since 2010. According to Moody's, these growth trends are expected to continue given the better economic prospects for the United States of America, origin of 50% of international travelers.