Business

Brazil’s would-be mega-airport grounded after crisis

viracopos airport

The impasse involving the future of Viracopos International Airport, which has dragged on for over two years, is finally close to a resolution.

Brazil’s sixth-largest airport in terms of passengers and second-largest in terms of cargo—it receives 40 percent of all Brazil’s imports via air—Viracopos Airport, located in the city of Campinas, is going through a severe crisis.

Administered by a consortium made up of private firms and state-owned company Infraero, in May 2017, concession holder Aeroportos Brasil filed for court-supervised reorganization to restructure its debts which—at the time—amounted to BRL 2.88 billion.

In recent months, however, Aeroportos Brasil has...

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