Isla Grande was renamed in honor of United States Air Force Major Fernando Luis Ribas-Dominicci, an F-111 pilot who was killed in action during Operation El Dorado Canyon (the 1986 airstrike of Libya).

In early 2003, it was announced that the Puerto Rico Grand Prix would be held on a 1.6 mile, 10-turn, temporary circuit on the airport's runway and taxiways as the season final of the 2003 SCCA Trans Am Series.

[9] On August 4, 2011, the FAA announced that they were planning to close the airport's control tower due to budget cuts, since they operate it instead of the Puerto Rico Ports Authority.

On that same newspaper it was published that Seaborne Airlines, a regional air carrier, would transition its scheduled passenger operations to the neighboring San Juan Luis Muñoz Marin International Airport (SJU) with complete pullout on January 16, 2013.

Its mission is to provide aviation maintenance support, and repair to the Puerto Rico Army National Guard and the following units:[13] The military aircraft at this facility are UH-72 Lakota and UH-60 Blackhawk helicopters and the Beechcraft C-12 Huron.