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Acsa increases Brazilian concession stake
The state-run Airports Company SA (Acsa) has doubled its stake in its Brazilian concession as it seeks to increase revenues from nonaeronautical services. Acsa won a bid for the expansion, maintenance and operation of Brazil's busiest airport, Guarulhos International in São Paulo, in 2012.
Portal da Copa/Governo Brasileiro via Wikimedia Commons - Terminal 3, Guarulhos International, São Paulo, Brasil
The airport processed nearly 40-million passengers last year, up from 35.9-million in 2013. This contributed to the "successful management" of Brazil's Fifa World Cup held last year.
Acsa could not immediately respond to questions on the cost of the stake it had purchased. However, last year the company said it had invested R258m in the Brazil concession and that the concession's value had grown to R496m. The concession spans 20 years and Acsa will provide airport management through a technical service agreement. Acsa has said it was eyeing more Brazilian concessions after having received an indication from the Brazilian government about more concession opportunities.
About 37% of Acsa revenues came from nonaeronautical services for the year ended March, a figure that the company is looking to increase in a bid to lessen its dependence on tariffs that are set by the state. Acsa runs nine airports in SA.
The company has increased its stake in the Invepar/Acsa special purpose vehicle (SPV) from 10% to 20%. This SPV holds 51% of the 20-year concession, of which Acsa now holds 10.2% from 5.2% before its increase in shareholding.
Acsa CEO Bongani Maseko said that Acsa had shown its ability to collaborate with international partners in the development and management of "secure, world- class" infrastructure services.
Acsa to gain feel for international airport business
Transport economist and aviation specialist Joachim Vermooten said the more Acsa gained "a feel" for the airport business in other countries, the more best practice could be deployed in SA.
Acsa has another concession for the modernisation of India's two main airports in Mumbai and Delhi, which it won in 2006. It has also signed a memorandum of understanding with the Ghana Airports Company Limited for the provision of advisory and technical consultancy services. Vermooten said the African aviation market was sparse, with smaller airports. "It can certainly develop, but it will take time and nothing can be done about it quickly," he said.
Vermooten said Acsa had expertise in managing larger airports in SA. However, he added that Acsa also managed some smaller airports, such as George, and could tap into this experience to develop and manage smaller airports on the continent.
Source: Business Day
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