Government extends Aeropuertos Argentina concession to 2049
President Javier Milei’s government agrees deal with Aeropuertos Argentina to extend concession for 35 national airports until 2049, with further seven-year option; Agreement requires additional US$600-million investment in infrastructure by end of 2031. Leer más
President Javier Milei’s administration has extended the concession agreement with Aeropuertos Argentina for 35 national airports, with the possibility of a further seven-year extension. Aeropuertos Argentina manages crucial strategic terminals like Aeroparque Jorge Newbury, Pajas Blancas Airport in Córdoba, and the main hub, Ezeiza International Airport, which handles about 90 percent of national air traffic.
The company employs over 2,000 people and serves around 43 million passengers annually. As part of this agreement, Aeropuertos Argentina, controlled by Corporación América, a conglomerate owned by billionaire Eduardo Eurnekian, will commit to additional investments of US$600 million. This is on top of the US$606 million investment made between 2021 and 2026 to upgrade airport infrastructure.
Renegotiation of the concession began in 2020 under President Alberto Fernández, who agreed to a 10-year extension in exchange for the previous investment. Subsequent works were undertaken at Ezeiza, Aeroparque, and several interior airports, including Formosa and Tucumán. Recent negotiations commenced after President Milei assumed office in December 2023.
President Milei has personal ties to Corporación América, having served as the group's chief economist from 2008 to 2021 and having two of his original Cabinet picks, Nicolás Posse and Guillermo Francos, from the Eurnekian-owned conglomerate.
Written by urgent.news from Buenos Aires Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
