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Corporación América Airports Secures 35-Year Extension of Armenia Airport Concession and Commits $425 Million Investment

Story Highlights
  • Corporación América Airports won a 35-year extension of its Armenian airport concession, running to December 2067.
  • The amended deal adds inflation-linked tariffs, a $425 million investment plan and new economic equilibrium protections for the concession.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Corporación América Airports Secures 35-Year Extension of Armenia Airport Concession and Commits $425 Million Investment

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The latest announcement is out from Corporacion America Airports SA ( (CAAP) ).

On January 23, 2026, Corporación América Airports announced that its Armenian subsidiary, Armenia International Airports CJSC, had amended its concession agreement with the Government of Armenia for the operation of Zvartnots and Gyumri Shirak airports, materially extending the contract term by 35 years to December 31, 2067. The revised deal shifts the concession to an inflation-based tariff regime with annual adjustments from April 2027, requires submission of a new master plan by January 31, 2026 including a US$425 million capital investment program to be executed by 2033 at Zvartnots, and introduces economic equilibrium and compensation mechanisms for events such as force majeure, traffic shortfalls, regulatory or tax changes and extra approved investments. The amendment also clarifies AIA’s exclusive rights over a wide range of aeronautical and non-aeronautical activities, including logistics platforms, free economic zones and potential future vertiport infrastructure for eVTOL operations, while refining termination and indemnification terms; together, these measures significantly extend the average life of CAAP’s portfolio, enhance long-term visibility and financial stability of the Armenian concession, and support the group’s strategic objective of modernizing Armenia’s airport infrastructure while underpinning value creation for shareholders.

The most recent analyst rating on (CAAP) stock is a Buy with a $27.00 price target. To see the full list of analyst forecasts on Corporacion America Airports SA stock, see the CAAP Stock Forecast page.

Spark’s Take on CAAP Stock

According to Spark, TipRanks’ AI Analyst, CAAP is a Outperform.

Corporacion America Airports SA’s overall stock score is driven by strong earnings call performance and solid financial health. The technical analysis indicates potential overbought conditions, and the valuation suggests moderate pricing. The absence of corporate events and dividend yield slightly tempers the score.

To see Spark’s full report on CAAP stock, click here.

More about Corporacion America Airports SA

Corporación América Airports S.A. is one of the world’s leading private airport operators, acquiring, developing and operating airport concessions. The company manages 52 airports across six countries in Latin America and Europe, including Argentina, Brazil, Uruguay, Ecuador, Armenia and Italy, and handled 86.7 million passengers in 2025, up 9.8% from 2024. Corporación América Airports is listed on the New York Stock Exchange under the ticker “CAAP.”

Average Trading Volume: 173,252

Technical Sentiment Signal: Buy

Current Market Cap: $4.29B

For an in-depth examination of CAAP stock, go to TipRanks’ Overview page.

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