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Corporación América Airports Announces an Amendment of the Seymour Airport Concession Agreement in Galápagos, Ecuador

businesswire.com
CAAP The company announced an amendment to its concession agreement for Seymour Airport in Ecuador. While the amendment addresses pandemic-related financial impacts and includes adjustments to charges and an extension of the concession term, it is presented as a rebalancing and a reflection of confidence, suggesting a neutral but potentially positive long-term outlook.

LUXEMBOURG--( BUSINESS WIRE)--Corporación América Airports S.A. (NYSE: CAAP), (“CAAP” or the “Company”), one of the world’s leading private airport operators, announced today that its subsidiary, Aeropuertos Ecológicos de Galápagos S.A. (“Ecogal”), has executed an addendum to the concession agreement for Seymour Airport, located on Baltra Island, Galápagos, Ecuador.

The addendum provides for the rebalancing of the economic and financial equilibrium of the concession agreement, which had been adversely affected by the COVID-19 pandemic. The addendum follows a technical, financial, and legal review process carried out with the granting authority and relevant government bodies, and includes adjustments to certain airport charges, an extension of the concession term, and the rescheduling of investment commitments, among other measures.

Key changes to the concession agreement include:

Mr. Martín Eurnekian, CEO of Corporación America Airports, noted: “The execution of this addendum reflects the confidence in our operating capabilities and in the results we delivered at Seymour Airport. It also recognizes the progress achieved in sustainability, including the airport’s carbon-neutral operations since 2017 and its recent achievement of Level 4+ certification under the Airport Carbon Accreditation program. These milestones reinforce the long-term framework under which we continue to operate the concession.”

About Corporación América Airports

Corporación América Airports acquires, develops and operates airport concessions. Currently, the Company operates 52 airports in 6 countries across Latin America and Europe (Argentina, Brazil, Uruguay, Ecuador, Armenia and Italy). In 2025, Corporación América Airports served 86.7 million passengers, 9.8% above the 79.0 million passengers served in 2024. The Company is listed on the New York Stock Exchange where it trades under the ticker “CAAP”. For more information, visit http://investors.corporacionamericaairports.com.