Brazilian airport authority Infraero has refused to inject new capital into the operator of Tancredo Neves international airport, serving Belo Horizonte in Minas Gerais state, due to a dispute with its private partners.
The board of Infraero considers that contributing new funds to Confins, as the airport is better known, produces a low level of return and is not economically viable at this time. As part of the annual budget for 2018, Infraero expected to invest 39.2mn reais (US$12.1mn) in airport concessionaire BH Airport, according to newspaper Valor Econômico.
In recent months, the two controlling shareholders of BH Airport, infrastructure company CCR and Zurich Airport, demanded that Infraero pull out of the company as part of an ongoing dispute in the wake of the federal government deciding to allow commercial flights through nearby Pampulha airport in October last year…
