{"id":930213,"date":"2026-01-23T07:12:15","date_gmt":"2026-01-23T12:12:15","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/corporacion-america-airports-announces-an-amendment-of-the-armenia-international-airports-concession-agreement\/"},"modified":"2026-01-23T07:12:15","modified_gmt":"2026-01-23T12:12:15","slug":"corporacion-america-airports-announces-an-amendment-of-the-armenia-international-airports-concession-agreement","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/corporacion-america-airports-announces-an-amendment-of-the-armenia-international-airports-concession-agreement\/","title":{"rendered":"Corporaci\u00f3n Am\u00e9rica Airports Announces an Amendment of the Armenia International Airports Concession Agreement"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdecimal { list-style-type: decimal }\n.bwlistlowalpha { list-style-type: lower-alpha }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Corporaci\u00f3n Am\u00e9rica Airports Announces an Amendment of the Armenia International Airports Concession Agreement<\/b><\/p>\n<p class=\"bwalignc\">\nContract term extended by 35 years, through December 2067<\/p>\n<p class=\"bwalignc\">\nCommitment to submit a $425 million Master Plan by January 31, 2026<\/p>\n<p>LUXEMBOURG&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<b>Corporaci\u00f3n Am\u00e9rica Airports S.A. (NYSE: CAAP)<\/b>, (\u201cCAAP\u201d or the \u201cCompany\u201d), one of the world\u2019s leading private airport operators, announced today that its subsidiary Armenia International Airports CJSC (\u201cAIA\u201d), 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 (\u201cGOA\u201d) to amend certain terms of the existing concession agreement originally signed on December 17, 2001.<\/p>\n<p>\nKey changes to the concession agreement include:<\/p>\n<ol class=\"bwlistdecimal\">\n<li><b>Term. <\/b>The concession term has been extended by 35 years through December 31, 2067. The amended agreement further provides for the possibility to discuss potential future extensions, subject to mutual agreement.\n<\/li>\n<li><b>Transition to an inflation-based regime. <\/b>The amendment replaces the former single-till framework with an inflation-based regime, providing for annual tariff adjustments starting in April 2027.\n<\/li>\n<li><b>New Master Plan and capital investment program<\/b>. Pursuant to the terms of the amendment agreement, AIA shall submit a new Master Plan by January 31, 2026, including a capital investment program of $425 million to be executed by 2033, covering infrastructure development, operational enhancements, and long-term capacity at Zvartnots International Airport. The Master Plan shall be updated every five years thereafter.\n<\/li>\n<li><b>Economic equilibrium and rebalancing mechanisms. <\/b>The amendment introduces an economic equilibrium rebalance framework, providing for compensation mechanisms in the event of:\n<ol class=\"bwlistlowalpha\">\n<li>\nforce majeure events;<\/p>\n<\/li>\n<li>\npassenger traffic declines below certain thresholds;<\/p>\n<\/li>\n<li>\nany additional regulatory or tax changes affecting the concession\u2019s financial balance; and<\/p>\n<\/li>\n<li>\nadditional capital investments approved by GOA beyond the agreed investment program.<\/p>\n<p>The compensation mechanism may be given via tariff adjustments and\/or extensions of the concession term.<\/p>\n<\/li>\n<\/ol>\n<\/li>\n<li><b>Airport charges and tariff adjustment framework. <\/b>The agreement establishes that AIA has the right to adjust all tariffs set in Euros, staring in April 2027, by a parametric formula considering the inflation indices in Armenia, the United States, and the European Union, as well as the applicable exchange rates.\n<\/li>\n<li><b>Other provisions.<\/b> Among other things, the amended agreement also (i) updates and clarifies AIA\u2019s exclusive rights to operate and commercially exploit a broad range of aeronautical and non-aeronautical activities at the airport, including logistics platforms, free economic zones, and future vertiport infrastructure for eVTOL operations, and (ii) refines the termination and indemnification mechanisms applicable under various scenarios.\n<\/li>\n<\/ol>\n<p>\nMr. Mart\u00edn Eurnekian, CEO of Corporaci\u00f3n America Airports, noted: <i>\u201cThis 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\u2019s 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.\u201d<\/i><\/p>\n<p><b>About Corporaci\u00f3n Am\u00e9rica Airports<\/b><\/p>\n<p>\nCorporaci\u00f3n Am\u00e9rica 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, Corporaci\u00f3n Am\u00e9rica 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 \u201cCAAP\u201d. For more information, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Finvestors.corporacionamericaairports.com&amp;esheet=54402375&amp;newsitemid=20260123787004&amp;lan=en-US&amp;anchor=http%3A%2F%2Finvestors.corporacionamericaairports.com&amp;index=1&amp;md5=02324fe4990beedda649ae18295a7b06\">http:\/\/investors.corporacionamericaairports.com<\/a>.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260123787004r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20260123787004\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20260123787004\/en\/<\/a><\/span><\/p>\n<p><b>Investor Relations Contact<br \/>\n<\/b><br \/>Patricio I\u00f1aki Esnaola<br \/>\n<br \/>Email: <a rel=\"nofollow\" href=\"mailto:patricio.esnaola@caairports.com\">patricio.esnaola@caairports.com<br \/>\n<\/a><br \/>Phone: +5411 4899-6716<\/p>\n<p><b>KEYWORDS:<\/b> New York Luxembourg United States North America Asia Pacific Europe Armenia<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Retail Air Logistics\/Supply Chain Management Transport Other Travel Specialty Travel<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20260123787004\/en\/674199\/3\/CAAP_logo_Transparente_2.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Corporaci\u00f3n Am\u00e9rica Airports Announces an Amendment of the Armenia International Airports Concession Agreement Contract term extended by 35 years, through December 2067 Commitment to submit a $425 million Master Plan by January 31, 2026 LUXEMBOURG&#8211;(BUSINESS WIRE)&#8211;Corporaci\u00f3n Am\u00e9rica Airports S.A. (NYSE: CAAP), (\u201cCAAP\u201d or the \u201cCompany\u201d), one of the world\u2019s leading private airport operators, announced today that its subsidiary Armenia International Airports CJSC (\u201cAIA\u201d), 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 (\u201cGOA\u201d) to amend certain terms of the existing concession agreement originally signed on December 17, 2001. Key changes to the concession agreement include: Term. The concession term has been extended by &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/corporacion-america-airports-announces-an-amendment-of-the-armenia-international-airports-concession-agreement\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Corporaci\u00f3n Am\u00e9rica Airports Announces an Amendment of the Armenia International Airports Concession Agreement&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-930213","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Corporaci\u00f3n Am\u00e9rica Airports Announces an Amendment of the Armenia International Airports Concession Agreement - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/corporacion-america-airports-announces-an-amendment-of-the-armenia-international-airports-concession-agreement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Corporaci\u00f3n Am\u00e9rica Airports Announces an Amendment of the Armenia International Airports Concession Agreement - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Corporaci\u00f3n Am\u00e9rica Airports Announces an Amendment of the Armenia International Airports Concession Agreement Contract term extended by 35 years, through December 2067 Commitment to submit a $425 million Master Plan by January 31, 2026 LUXEMBOURG&#8211;(BUSINESS WIRE)&#8211;Corporaci\u00f3n Am\u00e9rica Airports S.A. (NYSE: CAAP), (\u201cCAAP\u201d or the \u201cCompany\u201d), one of the world\u2019s leading private airport operators, announced today that its subsidiary Armenia International Airports CJSC (\u201cAIA\u201d), 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 (\u201cGOA\u201d) to amend certain terms of the existing concession agreement originally signed on December 17, 2001. Key changes to the concession agreement include: Term. 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(NYSE: CAAP), (\u201cCAAP\u201d or the \u201cCompany\u201d), one of the world\u2019s leading private airport operators, announced today that its subsidiary Armenia International Airports CJSC (\u201cAIA\u201d), 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 (\u201cGOA\u201d) to amend certain terms of the existing concession agreement originally signed on December 17, 2001. Key changes to the concession agreement include: Term. The concession term has been extended by &hellip; Continue reading \"Corporaci\u00f3n Am\u00e9rica Airports Announces an Amendment of the Armenia International Airports Concession Agreement\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/corporacion-america-airports-announces-an-amendment-of-the-armenia-international-airports-concession-agreement\/","og_site_name":"Market Newsdesk","article_published_time":"2026-01-23T12:12:15+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260123787004r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/corporacion-america-airports-announces-an-amendment-of-the-armenia-international-airports-concession-agreement\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/corporacion-america-airports-announces-an-amendment-of-the-armenia-international-airports-concession-agreement\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Corporaci\u00f3n Am\u00e9rica Airports Announces an Amendment of the Armenia International Airports Concession Agreement","datePublished":"2026-01-23T12:12:15+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/corporacion-america-airports-announces-an-amendment-of-the-armenia-international-airports-concession-agreement\/"},"wordCount":650,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/corporacion-america-airports-announces-an-amendment-of-the-armenia-international-airports-concession-agreement\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260123787004r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/corporacion-america-airports-announces-an-amendment-of-the-armenia-international-airports-concession-agreement\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/corporacion-america-airports-announces-an-amendment-of-the-armenia-international-airports-concession-agreement\/","name":"Corporaci\u00f3n Am\u00e9rica Airports Announces an Amendment of the Armenia International Airports Concession Agreement - 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