Groowe Groowe BETA / Newsroom
⏱ News is delayed by 15 minutes. Sign in for real-time access. Sign in

Corporación América Airports Announces an Amendment of the Armenia International Airports Concession Agreement

businesswire.com

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 Armenia International Airports CJSC (“AIA”), the operator of Zvartnots and Gyumri Shirak International Airports in Yerevan, Armenia, has entered into an amendment agreement with the Government of the Republic of Armenia (“GOA”) to amend certain terms of the existing concession agreement originally signed on December 17, 2001.

Key changes to the concession agreement include:

Mr. Martín Eurnekian, CEO of Corporación America Airports, noted: “This amendment, including the material extension of 35 years, represents an important milestone for our concession in Armenia and is a testament of the high-quality operational standards of CAAP. The updated regime enhances long-term visibility, provides certain protections to preserve the economic equilibrium of the concession, and establishes a clear tariff adjustment mechanism, supporting our continued commitment to the development and modernization of Armenia’s airport infrastructure. Finally, it also crystalizes a major strategic objective for the Company and demonstrates our ability to create value to our shareholders, while materially extending the average life of our portfolio.”

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.