Guarulhos Airport, in the Greater São Paulo Area, is Brazil's busiest. Photo: Nelson Antoine/Shutterstock
Amid a slew of negative news about the Brazilian economy, involving hefty inflation on essential goods and the crisis in Petrobras, the Brazilian government is seeking to drum up a modicum of optimism, promising progress in its plan to privatize several of the country’s airports. Postponed in 2020 due to the Covid-19 pandemic, the public sale of airport terminals is set to resume in the first half of the year, with the sixth round of concession auctions scheduled for April 7.
The civil aviation sector has been among the most affected by the coronavirus crisis, with border closures and social isolation rules.
The swift drop in demand from passengers and flights brought about last-minute changes to the invitation for bids, such as a reduction in total investment from BRL 6.976 billion (USD 1.27 billion) to BRL 6.126 billion.
The weighted average cost of capital (WACC) — used to measure return on investment — remained the same, but investment funds should now be permitted to participate in the capital outlay.
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