Corporación América Airports S.A. Business Summary

Corporación América Airports S.A. (CAAP) operates as a leading global airport concessionaire, managing 52 airports across six countries including Argentina, Brazil, Italy, and Armenia. The company’s revenue model is bifurcated into Aeronautical Revenue, derived from regulated passenger usage fees and aircraft landing/parking charges, and Non-Aeronautical Revenue, generated through commercial activities such as duty-free retail, food and beverage services, advertising, and cargo logistics. As of early 2026, CAAP maintains a dominant market position as the world’s largest private airport operator by number of concessions, serving approximately 87 million passengers annually. It competes directly with major regional and global peers such as Grupo Aeroportuario del Pacífico (PAC), Grupo Aeroportuario del Sureste (ASR), and AENA S.M.E., S.A., distinguishing itself through a diversified geographic footprint and a strategic focus on long-term government concession extensions. Founded in 1998 by Armenian-Argentine billionaire Eduardo Eurnekian, the company remains under the majority control of the Eurnekian family via ACI Holding S.à r.l. The leadership team is headed by CEO Martín Francisco Antranik Eurnekian, an IT Engineer with over 20 years of industry experience who spearheads the group’s digital transformation and infrastructure modernization. He is supported by CFO Jorge Arruda, a former Nomura investment banking executive who oversees finance and M&A. The Board of Directors, chaired by Máximo Luis Bomchil, includes high-profile members such as former Argentine Secretary of Finance Daniel Marx and independent director David Arendt. Notable institutional investors as of February 2026 include Helikon Investments Ltd, BlackRock, and Goldman Sachs, reflecting strong international confidence in the company’s post-recovery growth trajectory.