Airports auction tests investor’s appetite for Brazil

The auction of 22 federal airports, with delivery of bids scheduled for next Thursday, will test the attractiveness of the industry at a time of unprecedented crisis in aviation and uncertainty about the speed of recovery of passenger demand. In an attempt to maintain investor interest, the minimum fixed concession payments was reduced to below half of the initially proposed values. A consensus, however, is that the premiums will be way below those seen in the last auction, with an average of 986%.

Source: Valor Internacional