Fraport AG officially signed concession agreements with the Brazilian government for the operation and management of two airports, and appointed a new CEO for the projects.

The German airport group won the concessions for Fortaleza and Porto Alegre airports earlier this year in a public auction.

The company formed Fraport Brasil, and has named Andrea Pal as its CEO. “She is a highly respected aviation executive and a Fraport Group veteran with more than 16 years in the international airport business,” says Fraport. “Pal brings to Fraport Brasil wide-ranging experience in international airport management; strategic and financial development in different business environments; airport financing; as well as infrastructure development and management.”  During her past seven years at Northern Capital Gateway (NCG) – the consortium involving Fraport that manages Pulkovo Airport in St. Petersburg, Russia – Pal has held executive management responsibilities and served as deputy general manager and chief financial officer.

Andrea Pal
Fraport Brasil CEO

Says Pal, “I am honoured to serve as the CEO of Fraport Brasil.  Moving from one BRIC country in the northern hemisphere to another in the southern hemisphere is an exciting new challenge.  I look forward to leading the Fraport Brasil team in South America’s largest market.  Our commitment is to create two modern, efficient and customer-oriented gateways.  By leveraging Fraport’s extensive expertise and the energy of our future team that we are attracting to Fraport Brasil, we will successfully launch a new era of air transportation at Fortaleza and Porto Alegre.”

Dr. Stefan Schulte, Fraport AG’s executive board chairman, emphasizes the importance of the company’s expansion to Brazil and the signing of the concession agreements:  “We have been closely watching the Brazilian market for some years and are excited to be operating at not one, but two airports.  We are convinced of the great potential offered by the strategic, ‘best-located’ gateways of Fortaleza and Porto Alegre.”

Porto Alegre International airport welcomed 7.6 million people in 2016. Fortaleza International Airport saw 5.7 million passengers through its doors last year. Both airports will get terminal expansions and updates.