Natal International Airport and the strategic early hand back decision
DOI:
https://doi.org/10.5585/exactaep.2022.21495Keywords:
Natal International Airport bankruptcy, financial indicators, time value of money, hand back, aeronautical territorial arrangementsAbstract
In 2020, Natal International Airport, granted in 2011, declared bankruptcy and filed a request with the National Civil Aviation Agency (ANAC) for its return. Inability to service the scheduled debt and part of the costs of providing services and maintenance were claimed. The financial misfortune of Natal airport has not yet been studied. This gap justifies this article. The assessment of the bankruptcy petition can serve as a benchmark for the conduction of government policy for airport regulation. The purpose of this article is to assess whether the airport made the right strategic decision when requesting its return. The financial accounts of Natal airport between 2014 and 2019 are analyzed using two methodologies. One static and one dynamic. The data were extracted from the ANAC website. The first uses classical financial indicators and the second applies concepts from Economic Engineering. It is concluded that the decision was correct.
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