Aena Drives Largest Airport Financing in Brazil with Key Investment to Modernize 11 Terminals

Aena has closed a historic agreement worth 5.7 billion Brazilian reals with Brazil’s National Bank for Economic and Social Development (BNDES) and Banco Santander. The goal is to expand and upgrade eleven airports managed by the Spanish company in Brazilian territory, marking the largest financial operation ever recorded in the country’s airport sector.

Airports Benefited and Project Scope

The plan includes work at Congonhas in São Paulo, where an additional terminal will be built and the apron expanded. It also includes significant upgrades at Campo Grande, Ponta Porã, Corumbá, Santarém, Marabá, Carajás, Altamira, Uberlândia, Uberaba, and Montes Claros.

These facilities served 27.5 million users in 2024, and the works are estimated to generate over two thousand direct and indirect jobs, according to Aena Brasil.

Financial Structure of the Agreement

The operation is structured through the issuance of debentures totaling 5.3 billion reals. Of this total, 4.24 billion were acquired by BNDES and the remainder by Banco Santander. In addition to this package, a Finem line of 400 million reals has been granted by the state bank itself.

Beyond financing the construction works, the loan will also be used to partially amortize short-term obligations.

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A Long-Term Commitment in the Brazilian Market

Maurici Lucena, the company’s Chairman and CEO, emphasized that this financing secures over time the group’s most significant international investment. He underlined that it will enable improvements aimed at bringing Aena Brasil’s airports up to the level of its Spanish facilities, with standards prioritizing safety, efficiency, and comfort.

According to Lucena, Brazil is a strategic market for the entity, which maintains a long-term vision and a firm commitment to the economic development of the regions served by these infrastructures.

Continuity of Growth in the Brazilian Northeast

Aena also operates six terminals in the Northeast region: Recife, Maceió, João Pessoa, Aracaju, Juazeiro do Norte, and Campina Grande. These facilities completed their modernization in 2024 following a 1.9 billion real investment focused on safety, technology, comfort, and operational capacity.

The group of Northeastern airports maintains constant growth and contributes value to the country’s economic development and territorial connectivity.

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