Limited liability company
A limited liability company (LLC for short) is the US-specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a ...
that operates Peru's main airport: the
Jorge Chávez International Airport
Jorge Chávez International Airport (Aeropuerto Internacional Jorge Chávez) is Peru's main international and domestic airport. It is located in Callao, northwest from Lima Center, the nation's capital city and from the district of Miraflo ...
in
Callao
Callao () is a Peruvian seaside city and Regions of Peru, region on the Pacific Ocean in the Lima metropolitan area. Callao is Peru's chief seaport and home to its main airport, Jorge Chávez International Airport. Callao municipality consists o ...
, near
Lima
Lima ( ; ), originally founded as Ciudad de Los Reyes (City of The Kings) is the capital and the largest city of Peru. It is located in the valleys of the Chillón River, Chillón, Rímac River, Rímac and Lurín Rivers, in the desert zone of t ...
. It was founded in February 2001 and holds a 30-year concession to operate the airport. The company is 80.01% owned by
Fraport AG
Fraport AG Frankfurt Airport Services Worldwide,Fraport AG Frankfurt Airport Services Worldwide, Bechtel Enterprises International Ltd. - a North American holding originally dedicated to construction - and Peruvian construction company Cosapi S.A. won the thirty-year concession from the Peruvian State to build, operate and transfer the
Jorge Chavez International Airport
Jorge is a Spanish and Portuguese given name. It is derived from the Greek name Γεώργιος ('' Georgios'') via Latin ''Georgius''; the former is derived from (''georgos''), meaning "farmer" or "earth-worker".
The Latin form ''Georgius'' ...
in
Callao
Callao () is a Peruvian seaside city and Regions of Peru, region on the Pacific Ocean in the Lima metropolitan area. Callao is Peru's chief seaport and home to its main airport, Jorge Chávez International Airport. Callao municipality consists o ...
,
Peru
, image_flag = Flag of Peru.svg
, image_coat = Escudo nacional del Perú.svg
, other_symbol = Great Seal of the State
, other_symbol_type = Seal (emblem), National seal
, national_motto = "Fi ...
.
*In December 2001, Bechtel Enterprise Services, Ltd. transferred its LAP shares to Alterra Lima Holdings, Ltd., subsidiary of Alterra Partners, an airport operator whose shareholders are Bechtel and Singapore Changi Airport Enterprise (operator of the Singapore International Airport).
*In September 2003, Cosapi S.A. sold its LAP shares to Alterra Holdings, Ltd. Consequently, the distribution of shares turned 57.25% for Alterra Lima Holdings, Ltd. and 42.75% for
Fraport AG
Fraport AG Frankfurt Airport Services Worldwide,Fraport AG Frankfurt Airport Services Worldwide acquired 57.25% of Alterra Lima Holdings and turned into the main shareholder of Lima Airport Partners.
*In June 2008, the
International Finance Corporation
The International Finance Corporation (IFC) is an international financial institution that offers investment, advisory, and asset-management services to encourage private-sector development in less developed countries. The IFC is a member of t ...
, member of the
World Bank
The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the Interna ...
group, and Fund for Investment in Infrastructure, Public Services and Natural Resources, administered by AC Capitales SAFI, became partners of LAP. Therefore, the share distribution turned:
70.01%, Fraport AG
19.99%, International Finance Corporation
10.00%, Fund for Investment in Infrastructure, Public Services and Natural Resources
Tenth anniversary
On February 2, 2011, Fraport and Lima Airport Partners celebrated the 10th anniversary of the airport concession in an event attended by important Peruvian business and political leaders as well as by Peru's vice president Luis Giampietri. Stefan Schulte, Fraport's executive board chairman, took the occasion to point out the significant improvements in the quality of infrastructure and services provided as well as the increase in the number of passengers which reached more than 10 million by the end of 2010.
2019
In May 2019, Fraport AG purchased a further 10-percent stake in Lima Airport Partners S.R.L. (LAP) – operator consortium of Jorge Chavez International Airport Lima – from AC Capitales’ Infrastructure Fund, which held the stake for over 10 years. The resulting partnership structure of LAP was as follows: Fraport AG 80.01% and IFC 19.99%.
See also
*
Fraport AG
Fraport AG Frankfurt Airport Services Worldwide,Jorge Chávez International Airport
Jorge Chávez International Airport (Aeropuerto Internacional Jorge Chávez) is Peru's main international and domestic airport. It is located in Callao, northwest from Lima Center, the nation's capital city and from the district of Miraflo ...
*
Aeropuertos del Perú
Airports of Peru ( es, Aeropuertos del Perú) is a private company that operates twelve regional airports in Peru. It is the first group of regional airports the government of Peru transferred to a private operator. The company was incorporated ...
*
CORPAC
The Peruvian Corporation of Commercial Airports and Aviation Inc. (CORPAC) ( es, Corporación Peruana de Aeropuertos y Aviación Comercial) operates various airports in Peru. It was founded by law (Decreto Legislativo No. 99 - Ley de CORPAC S.A) i ...