Brazil's national airport authority Infraero is preparing a new public-private partnership (PPP) model that involves the joint ownership of state-run airports.
The idea is to create special purpose companies aimed at operating one or multiple airports which would fall under the Infraero umbrella. This could possibly be done through mixed management in which Infraero supervises airport operations and the private sector manages commercial operations, local paper Valor Econômico reported.
These special purpose companies could be created through IPOs, the paper reported Fernando Soares, director of Brazil's state-run companies governance department (DEST), as saying.
Besides boosting sector investments, the new model is aimed at generating income at selected airports that would compensate for Infraero's poor profit generation at other airports, according to the report.
Among the selected airports are Congonhas (São Paulo), Santos Dumont (Rio de Janeiro), Manaus, and Curitiba, said Soares.
Congonhas airport (CREDIT: Infraero)
Infraero will soon be seeking basic planning from consulting firms and this could serve as a benchmark for the country's upcoming privatization plans, the report said.
DEST is expected to soon be part of Brazil's planning ministry.