The company operating Brazil’s Viracopos/Campinas airport has filed for bankruptcy protection.
Aeroportos Brasil won the bid to operate the airport in 2015. The bid of US $2.2 billion secured the company a 30-year contract. Aeroportos Brasil is comprised of Brazil’s infrastructure firm Triunfo Participações and France’s Egis Airport Operation.
The company says operations at the airport, approximately 100 km from São Paulo, are expected to continue as normal. It blames the financial troubles on cargo and passenger forecasts that did not materialize as expected.
In 2014 the airport welcomed almost nine million international and domestic passengers. However, only 2.2 million passengers have been received at the airport during the first quarter of this year.
Dufry and Hudson Group are among the retailers with contracts at the airport.