Lima Airport Concession Agreement

In November 2000, the Peruvian government granted Lima airport partners the concession to operate and extend Lima airport. Officially started on February 14, 2001, the LAP concession now runs until 2041. LAP`s shareholders include Fraport AG with a majority stake of 70.01 per cent, followed by iFC International Financial Corporation with 19.99 per cent and AC Capitals SAFI S.A. of Peru with 10.00 per cent. Dr. Stefan Schulte, Chairman of Fraport`s Executive Board, said: “This step forward is decisive for the continued success of Lima Airport as a win-win concession for all. Lima Airport Partners manages the entire airport, with Fraport`s main management functions being carried out under an enterprise and management agreement. JCIA is the only commercial airport serving the capital Lima and is the main international gateway to Peru. More than 1,550 weekly routes to 22 domestic and 43 international destinations, operated by 24 airlines worldwide, are the extensive service offering for which Lima Airport Partners provides infrastructure for passengers and airlines and a comfortable international travel experience at a high level. JCIA was voted “Best Airport in South America” in Skytrax`s World Airport Passenger survey for six consecutive years. LAP CEO Juan José Salmén said: “This comprehensive and mutually beneficial agreement with the Peruvian government will create the necessary ground and framework for the development of our vast extension of Lima airport.” Lima Airport Partners (LAP) and the Government of Peru have signed an amendment to the airport concession agreement signed in 2001, which allows the former to follow a $1.5 billion expansion program at Lima Jorge Chavez International Airport (LIM). As a result, Peru`s primary airport is now widely recognized as a safe and efficient air terminal, last year 13 million passengers are welcome, according to a report on Breaking Travel News.

LAP S.R.L. is a company formed by the consortium that won the international public tender for the concession to operate Jorge Chavez International Airport, in accordance with the agreement signed with the Peruvian government. The airport hit other designated airports, such as Brasilia International Airport (Brazil), Antonio Carlos Jobim Airport (Brazil), Buenos Aires International Airport (Argentina) and Santiago International Airport (Chile). Lima Airport Partners, S.R.L. (LAP) – a company majority owned by Fraport AG – and the Peruvian government yesterday signed an amendment to Lima Airport Concession in 2001, which allowed the LAP to advance a vast expansion program at one of South America`s rapidly expanding airports. The amendment specifies in particular when and how the government should transfer the necessary areas for the extension of Lima Jorge Chavez International Airport (LIM). LAP`s expansion program, scheduled to begin in 2018, requires investments of approximately $1.5 billion.