The concessions for the operating of Brazil’s Vitória and Macaé airports has been won by Flughafen Zürich AG through a successful public tender. Handling more than 3.8 million passengers in 2018, the two airports will be added to Flughafen Zürich AG’s existing South American portfolio of four Brazilian airports, alongside two in Chile. Currently the company has a minority shareholding in the operating company of the international airport Confins in Belo Horizonte and the fully owned stake of the airport Hercilio Luz in Florianópolis.
The concession is due to run from the second half of 2019 whereby Flughafen Zürich AG will hold 100% of the two airports and operate them for a concession period of 30 years. Expenditure of approximately US$80 million is anticipated over the next few years for the expansion of the airports.
On group level, the newly acquired airports are expected to generate an incremental high single digit EBITDA in Swiss Francs starting in the year 2020.
With the new and existing concessions, Flughafen Zürich AG will participate in the growth of the Brazilian aviation market and will implement its best practices developed in Switzerland while maintaining the local values. Thereby, the mission is to offer the highest service quality to the passengers, airlines and other involved stakeholders.
