Thursday, August 16, 2018

INFRAERO prepares sale of half the capital for about $14 bi

São Paulo – the President of the federal State of airport services Infraero, Antonio Claret de Oliveira, said on Tuesday that the company is ready to sell plans 49% of capital through an initial offering of shares (IPO, English) or sale to a strategic partner. "The project is almost ready," said Oliveira during event infrastructure sector. However, the Executive stated that the project should be presented to the next President, to be elected in October. According to him, the sale of 49% of the capital of the company for IPO or sale to a strategic partner must surrender about from 14 billion reais. As part of efforts to make the company, once the Brazilian airport sector monopoly, unveiled plans to dry even more headcount and raise revenue. A payroll of more than 12000 employees at the end of 2015, the amount dropped to the current 8100. And the goal is to reduce the foliage to about 6000 before the attraction of investors plan to go ahead. This Court will in particular, said the Executive later told Reuters, with the transfer of about 1800 staff at the air navigation sector for aeronautics. At the same time, the Faa has sought additional sources of revenue, including the occupation of vacant spaces in major airports in the country for commercial use, in addition to increasing the ability of some terminals to receive more public. As an example, he cited the expansion of the runway from the airport of Foz do Iguaçu (PR), which will qualify the terminal to receive direct flights from Europe and the United States. After years in the red, the Faa had operating profit of 505.4 million reais last year. For 2018, the company expects profit of 472 million dollars, even with the departure of four major airports of the network: Florianópolis, Porto Alegre, Salvador and Fortaleza.
Exame - 14/08/2018 News Item translated automatically
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