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

Core Viewpoint - Corporación América Airports S.A. has executed an addendum to the concession agreement for Seymour Airport, aimed at rebalancing the economic and financial equilibrium adversely affected by the COVID-19 pandemic [1][2]. Summary by Relevant Sections Concession Agreement Changes - The concession term has been extended by six years, now set to expire on December 31, 2032, with provisions for future extensions to maintain economic equilibrium [5]. - The Terminal Use Charge (TUC) will increase by $5.20 per passenger, resulting in a new TUC of $31.18 per passenger, with annual adjustments as per the concession agreement [5]. - An investment program includes a potential runway repaving in the second half of 2031, with a maximum investment of $4 million, contingent on a technical study in 2029 [5]. Economic and Financial Equilibrium - The amendment includes mechanisms to maintain the economic and financial equilibrium of the concession, subject to review every two years [5]. - If the equilibrium is disrupted by unforeseen circumstances, parties can request a renegotiation of the concession terms [5]. Company Performance and Sustainability - The CEO of Corporación América Airports highlighted the confidence in operational capabilities and sustainability achievements, including carbon-neutral operations since 2017 and Level 4+ certification under the Airport Carbon Accreditation program [3]. - The company operates 52 airports across six countries and served 86.7 million passengers in 2025, a 9.8% increase from 2024 [4].