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In May-2020 Infraero (the state airport operator, which now has a much-reduced role) signed a contract with the government of Guarujá in which Infraero will administer Guarujá Airport over the next 12 months. Infraero will have the target of enabling the airport to handle commercial services.
In Oct-2020 Infraero announced that Minas Gerais State Government had hired Infraero to administer Ipatinga Usiminas Airport for 12 months, with a possible extension.
Infraero will be responsible for operations, while the state will offer public safety, traffic inspections, environmental licences and water, electricity and phone bills.
Active airports for Infraero â a diminishing role, but it still retains a stake in some of Brazilâs largest airports
Premium Analysis
2020 was a year in which the development of many (although not all) airports came to a sudden stop, with capex being replaced in the pecking order by opex in most cases – and in many, simply by survival measures.
Along with that everlasting hiatus came a cull of airport investment and privatisation activities, again with a few notable exceptions, mainly in countries where multiple concession procedures were already well advanced.
Over two parts this report details the few deals which were done in 2020, some that were abandoned or suspended, and those airports which have emerged – or may emerge – as future investment opportunities, assuming that the much-desired ‘post COVID recovery period’ actually takes place this year.
Premium Analysis
Korea’s Incheon International Airport Corporation (IIAC) should really be listed as a Major Global Investor in the CAPA Global Airport Investors Database, yet nine years after it first registered interest in foreign airport investment and operation it still has only two investments to its name.
Nevertheless it has picked up many consulting and strategic advisory roles along the way, and that is how its most recent concession, in Kuwait, started.
Now, it may have the opportunity to extend another advisory role, for the massive New Central Polish Airport, into one of operation and investment as this ambitious project to build a 100 mppa central airport for the whole of Poland ( The Solidarity Transport Hub or Central Communication/Transport Port ), connected by high-speed rail to major cities, threatens to get out of control.