Brazil sells four airports concessions for $1.19 billionStaff Writer | March 16, 2017
The federal government of Brazil raised R$ 3.72 billion ($1.19 billion) with the concession of four Brazilian airports.
Air traffic Better than expected
The four airports involved, namely those of Fortaleza (state of Ceará), Salvador (Bahia), Florianópolis (Santa Catarina) and Porto Alegre (Rio Grande do Sul), will now be operated by private enterprise.
The expectation is that the winning bidders will invest R$ 6.6 billion to improve services.
Projects planned include extensions of passenger terminals, aircraft aprons and landing and takeoff strips, as well as increases in the number of boarding bridges and car park availability.
Data from the Ministry of Transport, Ports and Civil Aviation shows that the four airports account for 11.6% of all passenger flow in Brazil, as well as 12.6% of cargo and 8.6% of all aircraft.
German company Fraport AG Frankfurt Airport Services won the auctions to operate both the Fortaleza and Porto Alegre airports.
The Salvador auction was won by French operator Vinci Airports, and the Florianópolis airport will be operated by Zurich Airport AG (Switzerland). ■