Frankfurt-based Fraport AG has signed concession agreements with the Brazilian government for managing and developing Brazil’s Fortaleza (FOR) and Porto Alegre (POA) airports. Fraport won concession rights for the two airports March 16, as part the Brazilian government’s airport privatization public auctions. Fraport bid €560.2 million ($595.5 million) for its 100% stake in the airports, and will run Fortaleza for 30 years and Porto Alegre for 25 years. Since its ...

Subscribe to Access this Entire Article

"Fraport firms operation of Brazil’s Fortaleza, Porto Alegre airports" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.