In addition to President Bolsonaro and Infrastructure Minister Tarcísio de Freitas, who have been criticized for celebrating the birth of the airline Itapemirim, which today leaves passengers on the ground, another politician also embarked on businessman Sidnei Piva’s dream of entering the market in aviation.
It was during one of Governor João Doria’s delegations to the United Arab Emirates, in March 2020, that Piva, president of the Itapemirim Group, announced a pledge of more than R$ 2 billion from one of the local sovereign funds to create his airline.
On his trips abroad, the toucan usually celebrates stratospheric numbers of investments promised by foreigners. On that trip, the governor announced that seven other companies present in the delegation closed deals capable of generating more than US$ 3 billion for São Paulo companies in 12 months.
At that time, Piva’s company was already under judicial reorganization and had already tried to buy Passaredo, in 2017, to fly regional routes in the low-cost mode.
Piva, whose projects received skeptical looks from the market, also said that he would participate in all airport concessions in the country. The billion-dollar investment he touted, however, did not arrive.
with Andressa Motter e Ana Luiza Tieghi
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