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Financial News: TRIUNFO: Company Seeks Judicial Recovery Of Firms Related

TRIUNFO: Company Seeks Judicial Recovery Of Firms Related To Viracopos

05/07/2018 - 12:35:00 (RTTNews)

(RTTNews) - Triunfo Participalles has filed a judicial recovery request for its subsidiaries Aeroportos Brasil, Aeroportos Brasil Viracopos and Viracopos Estacionamentos. All of those companies are part of the operation that manages the Viracopos airport.

During a judicial recovery, the company can negotiate with debtors on payments and corporate restructuring under the protection of the law.

The company said that the request aims to preserve assets, jobs and tax payments, besides balancing its finances.

Triunfo is already under extrajudicial recovery. In July 2017, the company requested the Brazilian government's permission to give up on the Viracopos airport concession - which is allowed by the Brazilian law.

Now, the firm complains that none of the proceedings to end the concession were adopted, and Triunfo says that it is suffering losses.

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