Yesterday’s tax auction by the Brazilian government of a Bombardier Challenger 300 and Dassault Falcon 900 at Viracopos Airport in Campinas, Brazil, failed to garner the minimum bids of $12.85 million and $5.05 million, respectively. Another auction will be scheduled, possibly by year-end, with lower minimums that have not yet been determined.
Brazilian tax authorities will auction a Challenger 300 and a Falcon 900 seized last June, supposedly imported by Brazilians without payment of customs duties, on November 25. The 17-month seizure-to-auction cycle is rapid for Brazil, which is working to clear Viracopos Airport of aircraft that deteriorated to scrap while the courts debated their fate.
When Brazilian President Dilma Rouseff signed a decree in December last year permitting the private construction and operation of airports, it opened the way to major changes in the country’s airport infrastructure and operations, with São Paulo state as a primary launching pad.
Brazilian tax, police and aviation authorities joined forces to seize nine business jets last week, and they have targeted 13 more aircraft. According to officials, Brazilians allegedly own and use the jets but registered them overseas to avoid Brazilian state and federal import taxes of nearly 35 percent. Foreign-registered airplanes can remain in Brazil for up to 60 days without paying import duties.
Jet Aviation has announced that it will invest between $8 and $10 million to build an FBO at Viracopos Airport in Campinas, about 62 miles from São Paulo. The operation will be Jet Aviation’s first in Latin America and will offer aircraft maintenance and ground services.