CAAP extends Armenia airport concession to 2067

Corporación América Airports S.A. reports that its Armenian subsidiary has signed an amendment with the Government of Armenia extending the Zvartnots and Gyumri Shirak airport concession by 35 years, now running through December 2067.

Rhea-AI Filing Summary

Corporación América Airports S.A. reports that its Armenian subsidiary has signed an amendment with the Government of Armenia extending the Zvartnots and Gyumri Shirak airport concession by 35 years, now running through December 2067. As part of the updated terms, the company committed to submit a $425 million Master Plan by January 31, 2026, outlining future development of the airports.

Management highlights that the new regime is designed to preserve the economic balance of the concession and sets out a clear tariff adjustment framework. CAAP describes this extension as a major strategic objective that lengthens the average life of its portfolio. The company operates 52 airports in six countries and served 86.7 million passengers in 2025, up from 79.0 million in 2024, an increase of 9.8%.

Positive

• 35-year extension of Armenia airports concession, lengthening the term through December 2067 and supporting long-term traffic and investment planning.
• Defined framework for tariff adjustments and economic balance in the amended concession, which may help align revenues with future investments.
• Commitment to a $425 million Master Plan by January 31, 2026, signaling substantial planned development and modernization of Armenia’s airport infrastructure.

Negative

• None.

Insights

Infrastructure and concessions analyst

CAAP locks in a much longer Armenian concession with a $425M planning commitment.

Corporación América Airports has secured a 35-year extension of its Armenia airport concession, taking the term to December 2067. Long-lived concessions are central to airport infrastructure business models, because they underpin traffic-driven cash flows and justify long-term capex at assets like Zvartnots and Gyumri Shirak.

The amendment includes a commitment to submit a $425 million Master Plan by January 31, 2026, signaling sizable planned investment subject to that plan. The company also notes that the updated framework aims to preserve the economic equilibrium of the concession and introduces a defined mechanism for tariff adjustments, which can help align revenues with future investment and operating costs.

Management characterizes this deal as a major strategic milestone that materially extends the average life of CAAP’s portfolio. With passenger traffic of 86.7 million in 2025, 9.8% above 2024, longer concession duration at key assets may support planning for capacity and modernization. Actual financial effects will depend on the approved Master Plan, implementation of tariff mechanisms, and future traffic trends at the Armenian airports.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did CAAP (CAAP) announce regarding the Armenia airport concession?

CAAP announced that its subsidiary Armenia International Airports CJSC signed an amendment with the Government of Armenia extending the existing airport concession by 35 years, now running through December 2067.

What investment planning commitment is included in CAAPs amended Armenia concession?

The company committed to submit a Master Plan totaling $425 million by January 31, 2026, covering the future development of the Armenian airports under the concession.

Which airports are covered by CAAPs Armenia concession amendment?

The amendment covers the concession operated by Armenia International Airports CJSC, which runs Zvartnots International Airport in Yerevan and Gyumri Shirak International Airport in Armenia.

How does CAAP describe the strategic importance of the Armenia concession extension?

CEO Martdin Eurnekian describes the 35-year extension as an important milestone that enhances long-term visibility, helps preserve the economic equilibrium of the concession, and materially extends the average life of CAAPs portfolio.

How many passengers did CAAP serve in 2025 and how did that compare to 2024?

CAAP served 86.7 million passengers in 2025, which was 9.8% above the 79.0 million passengers served in 2024 across its network.

In how many countries does Corporacif3n Ame9rica Airports operate concessions?

Corporacif3n Ame9rica Airports operates 52 airports in six countries: Argentina, Brazil, Uruguay, Ecuador, Armenia, and Italy.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 6-K: How Foreign Companies Report to the SEC →

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Accepted by SEC EDGAR 01/23/2026 - 07:01 AM EST Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20546

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of January, 2026

Commission File Number: 333-221916

Corporación América Airports S.A.

(Name of Registrant)

128, Boulevard de la Pétrusse
L-2330 Luxembourg
Tel: +35226258274
(Address of Principal Executive Office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F x       Form 40-F ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: January 23, 2026

	Corporación America Airports S.A.
	By:	/s/ Andres Zenarruza
	Name: Andres Zenarruza
	Title: Head of Legal & Compliance
	By:	/s/ Jorge Arruda
	Name: Jorge Arruda
	Title: Chief Financial Officer

Exhibit Index

Exhibit No.	Description
99.1	Press release dated January 23, 2026 - Corporación América Airports S.A. Announces an Amendment of the Armenia International Airports Concession Agreement.

Exhibit 99.1

Corporación América 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, January 23, 2026 — 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:

1. Term. 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.

2. Transition to an inflation-based regime. The amendment replaces the former single-till framework with an inflation-based regime, providing for annual tariff adjustments starting in April 2027.

3. New Master Plan and capital investment program. 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.

4. Economic equilibrium and rebalancing mechanisms. The amendment introduces an economic equilibrium rebalance framework, providing for compensation mechanisms in the event of:

a. force majeure events;

b. passenger traffic declines below certain thresholds;

c. any additional regulatory or tax changes affecting the concession’s financial balance; and

d. additional capital investments approved by GOA beyond the agreed investment program.

The compensation mechanism may be given via tariff adjustments and/or extensions of the concession term.

5. Airport charges and tariff adjustment framework. 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.

6. Other provisions. Among other things, the amended agreement also (i) updates and clarifies AIA’s 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.

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.

Investor Relations Contact

Patricio Iñaki Esnaola

Email: patricio.esnaola@caairports.com

Phone: +5411 4899-6716