CAAP (NYSE: CAAP) gains US$91.2M from Peru ICSID airport award
Rhea-AI Filing Summary
Corporación América Airports reports that Kuntur Wasi, in which it holds a 50% indirect equity stake, has received a final ICSID arbitration payment of US$91.2 million from the Republic of Peru. The award stems from Peru’s termination of the Chinchero International Airport concession, which the ICSID tribunal in May 2024 found to be arbitrary and unjustified. CAAP will recognize its share of the proceeds in its financial statements after taxes, costs and expenses, in line with accounting standards. The company highlights that the result confirms it complied with its contractual obligations and helps move this long-running dispute toward conclusion. CAAP also notes it operated 52 airports in six countries and served 86.7 million passengers in 2025, up from 79.0 million in 2024.
Positive
- US$91.2 million ICSID payment received via Kuntur Wasi from the Republic of Peru, providing a significant non-operating cash inflow tied to a finalized arbitration award.
Negative
- None.
Insights
CAAP secures cash from Peru arbitration, boosting non-operating income.
Corporación América Airports confirms that Kuntur Wasi, where it holds a 50% indirect stake, received an ICSID arbitration payment of
CAAP states that its share of the proceeds, net of taxes, costs and expenses, will be recognized in its financial statements according to applicable accounting standards. This means the impact will appear as non-operating income rather than core passenger or aeronautical revenue, but the cash inflow can still strengthen the balance sheet.
The CEO’s statement emphasizes that the outcome reflects compliance with contractual obligations and helps bring the dispute closer to resolution. Subsequent disclosures in company financial reports will show the exact after-tax contribution and how it interacts with CAAP’s broader scale, including 86.7 million passengers served in 2025.
FAQ
What arbitration payment did Corporación América Airports (CAAP) receive from Peru?
Kuntur Wasi, in which CAAP holds a 50% indirect equity interest, received US$91,205,056 from the Republic of Peru. This payment follows a final award by the ICSID arbitral tribunal related to the Chinchero International Airport concession.
What did the ICSID tribunal decide in the CAAP and Kuntur Wasi case against Peru?
The ICSID tribunal’s final award in May 2024 found that the Government of Peru’s termination of the Chinchero International Airport concession was arbitrary, unjustified and without a well-founded reason of public interest.
How will CAAP account for the US$91.2 million arbitration award payment?
Corporación América Airports states that the payment, after associated taxes, costs and expenses, will be reflected in its financial statements in accordance with applicable accounting standards, taking into account its 50% indirect equity interest in Kuntur Wasi.
What does CAAP’s CEO say about the Peru arbitration outcome?
CEO Martín Eurnekian said the payment reflects the outcome of a long-standing process under the international arbitration framework and constructive engagement with the parties, and that it represents an important step toward concluding the matter while underscoring that CAAP complied with its contractual obligations.
How large is Corporación América Airports’ operations and passenger base?
CAAP operates 52 airports across six countries in Latin America and Europe. It served 86.7 million passengers in 2025, an increase from 79.0 million passengers in 2024.
On which exchange is Corporación América Airports listed and under what ticker?
Corporación América Airports is listed on the New York Stock Exchange, where its shares trade under the ticker symbol “CAAP”.