P.R. Laws tit. 23, § 6935
The following incentives shall be granted to the companies or operators of charter flights for the new routes established by this chapter:
(a) Income guarantee incentive.— An income guarantee incentive of up to ten percent (10%) shall be offered during the term agreed upon of the projected break-even earnings.
(b) Cooperative market incentive.— A matching fund on a dollar-for-dollar basis shall be offered, this amount shall be based on the passenger/available seat volume projections.
(c) Airport landing incentive.— A fifty percent (50%) discount shall be contributed to landing fees.
(d) It is hereby expressly provided that the incentives herein itemized shall apply exclusively to charter flights using the Rafael Hernandez Airport of Aguadilla and the Mercedita International Airport of Ponce.
(e) The incentives herein provided shall be defrayed by the Puerto Rico Tourism Company to the corresponding company or operator in a term not to exceed thirty (30) days after attaining the objectives pursued.
History —May 22, 2008, No. 67, § 7; July 20, 2012, No. 141, § 6.