Lula's decree includes 13 airports in the PND and formalizes privatization already underway
The 13 terminals, nine of them in the Northeast, are already under private management; the decree published in the DOU only formalizes the inclusion in the program.
BY THE X-TRADER NEWS NEWSROOM · REPORTING FROM GAZETA DO POVO · 2 MIN
The federal government formalized by decree, published in the Official Gazette of the Union on Tuesday (3), the inclusion of 13 airports in the National Privatization Program (PND) and the qualification of these terminals in the Investment Partnership Program (PPI). According to Gazeta do Povo, the act signed by President Lula (PT) does not actually change the situation, as all 13 airports have been under private management for some time. The decree gives formal framework to concessions that had already been carried out months before.
According to Gazeta do Povo's count, nine airports are in the Northeast, three in the North and the rest in the Center-West. The list includes cities in Bahia, Pernambuco, Piauí, Maranhão and Ceará, as well as Araguaína (TO), Cacoal and Vilhena (RO) and Porto Alegre do Norte (MT). With PPI qualification, the 13 terminals are now classified as projects of strategic interest and national priority.
The first auction of the AmpliAR program, linked to the Ministry of Ports and Airports, appears in the calculation dated November 2025. In April 2026, 12 airports were incorporated into the concession of GRU Airport, concessionaire of Guarulhos airport. According to the report, GRU was the only interested party and the proposal did not bring a discount on the compensation provided by the government.
Comandante Ariston Pessoa Airport, in Cruz (CE), illustrates how the dispute varied from one terminal to another. There, GRU offered a 0% discount, PRS Aeroportos (Campo de Marte) offered 5.10% and Fraport Brasil registered a bid of 100%. Also according to the article, in this terminal the government does not need to compensate cash flow.
Commenting on the case, Osvaldo Garcia, CEO of GRU Airport, stated that the incorporation contributes to Brazilian aviation.
What changes for the investor
For those who follow the sector, the immediate effect tends to be small, because the concessions were already in progress and the decree only formalizes the framework. The relevant sign is the continuity of the infrastructure concessions agenda, with more airport assets being taken to private capital. The percentages cited, from 0% to 100%, indicate that the degree of competition changes significantly from one terminal to another, and the concentration of 12 airports in a single concession deserves attention from those who assess the risk of competition. From the perspective of fiscal responsibility, the absence of compensation in Cruz, in theory, alleviates the public bill in that case. The report does not provide data on quotations, and this text does not forecast prices or recommend buying or selling.
Automatically translated from Portuguese.
