Overview

• A sale‑assisted auction must be held by March 31, 2026 with a minimum bid of R$ 932 million, otherwise a traditional tender will follow.
• The fixed annual fee is replaced by a variable contribution equal to 20% of gross revenue through 2039, and the third‑runway trigger is removed.
• Infraero’s exit from the concession is scheduled by the end of March 2026, while ANAC has cleared Vinci Compass to acquire 70% from Changi and CADE review is pending.
• Passenger limits at Santos Dumont will be eased to 8 million in 2025, 9 million in 2026, 10 million in 2027, and then lifted, with compensation due to the Union if restrictions remain.
• Authorities cited about R$ 1.1 billion in planned projects over three years and projected 18 million passengers in 2025 and 22 million in 2026, with a ministerial target of 30 million within three years.