Aena has been awarded the management of 11 airports in Brazil, including Congonhas-São Paulo Airport, in an auction held last month.
The Spanish airport operator’s bid for the airports was R$2.450 billion, or about US $464 million.
Aena plans to spend approximately US $800 million in renovations for the airports, which in 2019, welcomed 26.8 million passengers. Aena was the sole bidder for the group of airports.
The 30-year concession has an option of an additional five years. In total, Aena will operate 17 airports throughout Brazil.
According to Aena Chairman and CEO Maurici Lucena: “Despite the hard times we have been through due to COVID-19, we have always prioritised creating value for public and private shareholders and employees, and we are convinced that Aena’s internationalisation is a guarantee for the future. Brazil’s potential is undisputed. Its domestic traffic, for example, has fully recovered.”