What Aeropuertos Andinos del Perú does

Aeropuertos Andinos del Perú S.A. (AAP) is a privately held Peruvian airport concessionaire that operates and manages five regional airports in Southern Peru under a 25-year concession contract with the Peruvian State that commenced on January 5, 2011 and runs through 2036. The company, a subsidiary of Andino Investment Holding (a Peruvian conglomerate with more than 50 years of logistics and infrastructure experience), runs Arequipa (Peru's third-busiest terminal), Ayacucho, Juliaca (home to South America's longest runway at 4,200 meters), Puerto Maldonado (Amazon gateway), and Tacna (Peru–Chile border). Across the network, AAP served 2.2 million passengers in H1 2026 and projects 4.7 million for the full year, with cumulative volumes exceeding 38 million passengers and 79,000 flights since concession inception.

AAP's core offering is airport operations and infrastructure management: runway and terminal access, ground handling, passenger processing, baggage handling, and security screening, supported by a Safety Management System (SMS), flight information display systems (FIDS), and ISO 9001:2015-certified processes. The product portfolio is augmented by Andes Salón VIP lounges at all five airports, the UNKU platform (a commercial channel for local artisans and small producers that supplies approximately 44% of commercial offerings at Ayacucho), airport advertising inventory across departure lounges, arrival halls, check-in halls and parking areas, and regulated TUUA fee collection on behalf of the Peruvian State. Certifications include ACI-LAC Green Airport Recognition (2019), Airport Health Accreditation (2020), and Huella de Carbono Perú First Star (2021).

Revenue is generated through four streams: regulated TUUA per-passenger fees differentiated by airport and flight type ($6.14–$7.36 national, $20.41 international); landing, parking, and bridge fees on commercial aircraft; commercial rent from retail, F&B, duty-free, banking (BBVA, BCP), and car rental (Hertz) tenants; and airport advertising sales. Anchor B2B customers are LATAM Airlines, JetSMART, and SKY Airline. The company has launched a US$472 million multi-year capital program anchored by a US$300 million new Arequipa terminal targeting 6.5 million passenger capacity, a US$130 million Juliaca runway investment, and operational enhancements that have already enabled 20% capacity uplift at Ayacucho through nighttime operations.

Name

Aeropuertos Andinos del Perú

Legal name

Aeropuertos Andinos del Perú S.A.

Website

https://aap.com.pe

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

101–250 employees

Short description

Aeropuertos Andinos del Perú is a privately held Peruvian concessionaire operating five regional airports in Southern Peru — Arequipa, Ayacucho, Juliaca, Puerto Maldonado, and Tacna — under a 25-year government concession expiring in 2036, serving commercial airlines, retail tenants, advertisers, and millions of annual passengers.

Ownership category

akta.pro rank

Product category

Airport Operations and Aviation Infrastructure Services

NAICS

Airport Operations (48811)

SIC

Airports, Flying Fields & Airport Terminal Services (4581)

akta.pro primary industry

Airport Food & Beverage Concessions (THABALAD)

Keywords

• Airport operations management
• Airport concession services
• Aviation infrastructure
• Airport commercial services
• Passenger terminal operations

Headquarters

HQ city

Miraflores, Lima

HQ country

Peru

HQ region

Latin America

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Infrastructure, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Airport Concession Operations: AAP operates under a 25-year renewable concession contract (since January 5, 2011) with the Peruvian State for the design, construction, improvement, maintenance, and management of five airports. Revenue is generated through regulatory airport fees (TUUA), landing fees, and passenger service charges.
2. TUUA (Tarifa Unificada por Uso de Aeropuerto): Unified Airport Use Fee charged per boarding passenger in USD. National flights: $6.14-$7.36 depending on airport; International flights: $20.41 at all airports. Included in airfare and valid for single use.
3. Commercial Space Rentals: Revenue from retail stores, restaurants, cafes, duty-free shops, and other commercial tenants operating within airport terminals. Local artisans participate through the UNKU program.
4. Airport Advertising: Advertising spaces available in Departure lounges, Arrivals hall, Main Check-in hall, and parking areas across all airports, reaching millions of annual passengers.
5. Landing and Ground Services: Fees for aircraft landing, parking, bridge/tunnel access, and ground handling services at the five airports.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels4 records

Core offering

Aeropuertos Andinos del Perú operates and manages five regional airports in Southern Peru (Arequipa, Ayacucho, Juliaca, Puerto Maldonado, and Tacna) under a 25-year concession from the Peruvian State. The company provides aircraft landing and ground handling services, passenger processing, terminal operations, commercial retail and F&B leasing, airport advertising, premium VIP lounge access (Andes Salón VIP), and the UNKU cultural-commerce platform for local artisans. Revenue is generated through regulated TUUA fees, landing and parking charges, commercial rentals, and advertising.

Product overview

Aeropuertos Andinos del Perú (AAP) is a concessionaire operating the Second Group of Airports in Peru's southern regions, managing five airports: Arequipa (Alfredo Rodríguez Ballón), Ayacucho (Alfredo Mendívil Duarte), Juliaca (Inca Manco Cápac), Puerto Maldonado (Padre Aldamiz), and Tacna (Carlos Ciriani Santa Rosa). The company offers airport operations management as its core product, complemented by Andes Salón VIP (premium lounge services), the UNKU platform (local artisan commercialization), commercial retail/dining spaces, airport advertising services, and passenger support including TUUA (unified airport use fee) collection. All five airports operate under a 25-year concession from the Peruvian State (since January 2011), serving domestic and international flights.

Differentiator

Problem solved

Functional benefit

Brands

• UNKU: A commercial platform that enables local artisans, producers, and entrepreneurs to showcase and sell their products in airports, promoting regional culture and economic development.

Products and services

• Airport Operations Management — Arequipa, Ayacucho, Juliaca, Puerto Maldonado, and Tacna Airports End-to-end airport operations across Arequipa, Ayacucho, Juliaca, Puerto Maldonado, and Tacna, including runway and taxiway management, terminal facilities, passenger processing, ground handling, security screening, and regulatory compliance under DGAC and OSITRAN oversight. Serves commercial airlines (LATAM, JetSMART, SKY) and individual passengers.

Quantifiable outcome

• 2.2 million passengers mobilized in H1 2026 across five airports
• +4 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• Cámara de Comercio y Producción de PunocoreStrategic or Co-development PartnerStrategic partner for UNKU Juliaca artisan fair program, collaborating to connect local artisans and producers from Puno region with airport passengers.
• DIRCETUR TacnaminorStrategic or Co-development PartnerRegional Directorate of Foreign Trade and Tourism in Tacna partnering with AAP for UNKU program implementation and regional cultural promotion.
• DIRCETUR Madre de DiosminorStrategic or Co-development PartnerRegional Directorate of Foreign Trade and Tourism in Madre de Dios partnering with AAP for UNKU program and tourism promotion at Puerto Maldonado airport.
• Aldeas Infantiles SOS PerúminorStrategic or Co-development PartnerSocial partner collaborating with UNKU program for community development initiatives supporting children and families in Southern Peru regions.
• Patronato PikimachayminorStrategic or Co-development PartnerAyacucho-based cultural organization partnering for UNKU artisan fair events, helping connect local artisans with airport visitors.
• ASMYPE (Asociación de Micro y Pequeños Empresarios)minorStrategic or Co-development PartnerAssociation of micro and small enterprises in Ayacucho collaborating with AAP for UNKU program supporting local entrepreneurship.
• ANIQUEMminorStrategic or Co-development PartnerNon-profit organization running the 'Recicla para Ayudar' recycling program. AAP co-finances rehabilitation of child burn survivors through proper recycling of recoverable materials, generating double social and environmental impact. Currently active in Arequipa with expansion planned for Juliaca.
• OSITRAN (Organismo Supervisor de la Inversión en Infraestructura de Transporte de Uso Público)coreOthersRegulatory body designated in the Concession Contract to supervise AAP's compliance with obligations. Performs oversight functions per Law 26917 and supplementary regulations. Maintains office at each AAP airport.
• DGAC (Dirección General de Aeronáutica Civil)coreOthersCivil aviation authority representing the Concedent in approval and authorization of Master Plans, Engineering Studies, Equipment Investment Plans, Pavement Evaluations, and Maintenance Programs.
• CORPAC (Corporación Peruana de Aeropuertos y Aviación Civil)coreOthersState enterprise providing aeronautical services in Peru, operating in coordination with AAP for air navigation and control services.
• LATAM AirlinescoreChannel Partner/ Reseller/ DistributorMajor airline operating domestic and international routes across all five AAP airports. Primary airline customer utilizing runway, terminal, and ground handling services.

Scale indicators11 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Fraport: Operates Frankfurt Airport (Germany's largest) plus 11 other airports globally under concession contracts. Comparable multi-airport concession model but with far larger traffic scale and international portfolio.
• Aena: World's largest airport operator by passenger numbers, managing Spain's network and airports globally. Comparable business model (regulated fees plus commercial) but at vastly larger scale and broader geographic footprint.
• VINCI Airports: Operates 70+ airports across multiple countries as part of VINCI group. Comparable airport concession business model but at significantly larger scale and broader geographic diversification than AAP.
• TAV Airports: Operates airports in Turkey, Georgia, Tunisia, and other markets under concession contracts. Comparable concession-based airport operator business model but with broader geographic footprint and larger traffic volumes.

Direct peers

• Corporación América Airports: Operates 52 airports across Latin America, Europe, and Asia under concession contracts. Closely comparable to AAP's multi-airport concession business model with similar revenue mix (regulated fees plus commercial).
• Grupo Aeroportuario del Sureste (ASUR): Operates 9 airports in Mexico's southeast region under a similar concession-based model. Comparable in passenger volume scale and the mix of tourism-driven and business traffic airports.
• Grupo Aeroportuario del Pacífico (GAP): Operates 13 airports in Mexico's Pacific region under a Mexican government concession. Highly comparable multi-airport concession structure with similar regulated aeronautical and non-regulated commercial revenue streams.
• Lima Airport Partners: Operates Jorge Chávez International Airport (Lima), Peru's largest airport under a similar government concession model. Most directly comparable to AAP given same country, same regulatory framework (OSITRAN), and same concession-based business model.
• Quiport (Quito International Airport): Operates Quito's Mariscal Sucre International Airport under a 30-year concession. Comparable regional airport concession business model in an Andean/Latin American market with similar traffic scale.
• Aeropuertos Argentina 2000: Operates 33 airports across Argentina under a government concession. Directly comparable as a Latin American multi-airport concessionaire with similar business model and regulatory dynamics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/aeropuertos-andinos-del-peru

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Aeropuertos Andinos del Perú