Corporación América will retain Argentine airport concession

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Corporación América will retain Argentine airport concession

The Transport Minister of Argentina, Guillermo Dietrich, has confirmed that Corporación América will retain management of the operations of 33 of the country's main airports. Aeropuertos Argentina 2000, a subsidiary of Corporación América, won a 30-year concession to run the airports in February 1998. 

The contract included a clause that could enact an early termination of the concession in 2018. However, Dietrich confirmed in an interview on Monday that the concession will not be terminated before 2028, securing another ten years of AA2000 ownership. 

Dietrich explained,

“The differences we had were remedied after Eduardo Eurnekian [owner and founder of Corporación América] agreed to structural changes that coincide with our vision”

This is thought to refer to the replacement of Rafael Bielsa, minister of foreign affairs under former President Cristina Fernandez de Kirchner, as chairman of Aeropuertos Argentina 2000 with Martin Eurnekian, nephew of Eduardo, in April. 

Aeropuertos Argentina 2000 is the largest private airport operator in the world. It employs more than 2000 people across Argentina. It is one of eighteen airport operators owned by Corporación América.

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