Brazil is selling off dozens of airports

Published:Dec 7, 202310:45
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Sixteen airports can be auctioned -- together with Congonhas in São Paulo, and Santos Dumont in Rio de Janeiro -- by the top of 2023, the federal government mentioned in a tweet Wednesday.
They add to the 34 airports already auctioned by Brazil since 2019, which raised round 34 billion Brazilian actual (US$ 6 billion), the federal government mentioned.
"It is strategic for Brazil to transfer control of airports to the private sector in order to increase investments and the quality of services," it added.
The auctions come as the worldwide aviation business grapples with the fallout of coronavirus journey bans. While there was some restoration to the business in different nations just like the US and in Europe, Brazil's aviation sector has felt the impression of being one of the toughest hit international locations by the pandemic.
Brazil holds the second highest Covid-19 dying toll on this planet, second solely to the United States.



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