New payment schedule approved for Guarulhos airport concession
Brazil's civil aviation agency ANAC approved a request by GRU Airport to reschedule the annual payments for the concession of Brazil's largest airport, Guarulhos, in São Paulo state.
GRU Airport missed this year's payment back in July, but will pay 320mn reais (US$102mn) on December 20, which includes some interest on the default.
GRU will also only pay 171.3mn reais next year in July. Between 2019 and 2030, the concessionaire will pay annual instalments of 810.65mn reais, and will pay 1.16bn reais in 2031 and 1.2bn reais in 2032.
The original contract required annual payments by the concessionaire of 1.09bn reais.
GRU Airport is 51% owned by GRUPar (80% Invepar and 20% Airports Company South Africa-ACSA) and 49% by state-run national airport authority Infraero.
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