A transition amendment agreement is a legal change to an existing contract that temporarily alters rights, deadlines or procedures to ease a planned change—such as ownership, management, or service handover—without replacing the original deal. For investors, it matters because it can affect cash flow, obligations and risk during the handover period; think of it as a short-term detour sign on a road that changes the route and timing until the regular road is restored.
variable concession feefinancial
A variable concession fee is a payment to an intermediary (such as an underwriter, placement agent or lender) whose amount changes based on the deal’s final size, timing or performance rather than being a fixed charge. Like a salesperson’s commission that grows when they sell more, it alters the net proceeds and cost structure of a financing or securities offering, so investors watch it because it affects company cash flow, return on investment and incentives for those running the transaction.
concession agreementregulatory
A concession agreement is a contract where a government or owner gives a company the right to operate, maintain, or exploit a public asset or service (like a road, port, or utility) for a set period in exchange for payments, investments, or sharing revenue. Think of it like renting and running a storefront on behalf of the property owner: the company collects income but must meet rules and invest in upkeep. For investors, these deals shape a firm’s long-term revenue, upfront costs, regulatory risk and cash-flow predictability.
competitive public tenderregulatory
A competitive public tender is a formal, open process where a government or other public body invites companies to submit bids to supply goods, services, or carry out projects; awards are made after comparing offers on price, quality and compliance. Think of it like an auction where firms compete on price and terms under set rules. For investors it matters because winning or losing tenders can materially affect a company’s revenue, backlog, risk profile and future growth prospects.
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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, Inframerica Concessionária do Aeroporto de Brasília S.A. (“Inframerica”), has entered into an amendment agreement so-called Transition Amendment Agreement (“TAA”) with the Brazilian Civil Aviation Authority (“ANAC”) in connection with the renegotiation process of the Brasília Airport concession agreement in Brazil. CAAP holds a 51% equity interest in Inframerica, while Infraero, a Brazilian state-owned company, holds the remaining 49%.
The TAA, which was approved by the Brazilian Federal Court in April 2026, was executed following negotiations involving ANAC, the Ministry of Ports and Airports, and the Federal Court of Accounts.
Among other changes, the overall agreement with the Brazilian government provides for:
(i)
the replacement of the fixed concession fee with a variable concession fee,
(ii)
the exit of Infraero from Inframerica’s shareholding structure,
(iii)
the inclusion of 10 regional airports in the concession; and
(iv)
additional investments at Brasília Airport.
Given the material changes to the economic equilibrium of the Brasília Airport concession agreement, the Brazilian Federal Court required that a fast-track competitive public tender process shall be carried out in connection with 100% of the shares of Inframerica, which is expected to occur by December 2026. CAAP intends to participate in the tender process. If there are no bids, the amended concession would be automatically granted to Inframerica.
This milestone will improve the economic equilibrium of the concession as well as the quality of service of the airport.
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.
