President Temer’s Government of Brazil has approved the proposal of American Airlines to build a maintenance facility at Sao Paulo’s Gaurulhos international airport.
American will invest $100 million, out of which it will build a two-bay hangar at a cost of $50 million plus another $50 million for parts and tools.
The Brazilian government has approved this venture amid the allegation against the President for corruption.
This approval is one of the efforts of the President to bring in foreign investment to build the infra structure mainly on new railways, ports, roads and also for modernizing the airports of Brazil.
“The agreement would allow the American airlines to use the land at the airport for 40 years and at any given day, American Airlines will have at least six wide-bodied aircraft parked in Sao Paulo for up to 12 hours, and the hangar will allow it to do maintenance work using the planes’ ground time,” said Marta Pantin, a spokeswoman for the airline.