Wrap arond and IPO: alternatives to the Brazilian air transportation system development [paper in Portuguese]

This paper presents important elements to contribute to the current debate about Brazil’s infrastructure reforms, which come as a preparation for the international sporting events of 2014 (FIFA World Cup) and 2016 (Olympic Games). In this phase, the agenda points to the possibility of transferring the domain and/or management of the airports from de government to private enterprises, and to the way should this process be conducted. Seeing the insufficiencies of the current infrastructure, it presents two legal instruments that can help achieving necessary changes, based on the international experience and the legal and administrative aspects of the country. It suggests two rapid and beneficial ways to develop existing structures and to attract investment: concession contracts with wrap around addition clauses, as observed in Chicago international airport’s expansion, and initial public offer (IPO) of the airports’ management authority’s stocks, as seen in the case of Birmingham.