Airport operator Aena, through its subsidiary Aena Desarrollo Internacional, has secured a concession contract to operate 11 airports in Brazil for a period of 30 years.

The contract scope also includes an extension of additional five years.

The airports are located across four different Brazilian states, namely São Paulo, Mato Grosso do Sul, Minas Gerais and Pará.

They include Congonhas, Campo Grande, Ten Cel Aviador César Bombonato, Maestro Wilson Fonseca, João Corrêa da Rocha, Mário Ribeiro, Carajás, Altamira and Mario de Almeida Franco.

The concession contract, which also includes Corumbá (CMG) and Ponta Porã International (PMG) airports, will be signed in February next year.

For 30 years, the concession price stands at R$2,450bn (€468m), and the total operation amount, including the sum of the commitments mentioned in the concession specifications, is valued at around R$4.089bn (€780m).

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Aena will be required to pay a variable fee with a grace period of four years, which includes a percentage of gross revenue that will increase to 16.15% from 3.23% annually.

The airport operator said that the planned investments would be nearly R$5bn (€960m).

This concession is said to be the largest international operation in the history of Aena, which has completely managed another six airports in the country’s northeast region since 2020 under the Northeast Brazil Airport Group.

Aena chairman and CEO Maurici Lucena said: “The company’s priority is always to create value for its public and private shareholders and employees.

“Despite the hard times we have been through due to Covid-19, we are convinced that Aena’s internationalisation is a guarantee for the future of the company.”