LAP S.R.L. is a company formed by the consortium that won the international public tender for the concession to operate Jorge Chávez International Airport, in accordance with the agreement signed with the Peruvian Government.
On 15 November 2000, a consortium formed by German airport operator Fraport AG Frankfurt Airport Services Worldwide (then known as Flughafen Frankfurt/Main AG); Bechtel Enterprises Services Ltd. (then known as Bechtel Enterprises International, Ltd.), a member of the Bechtel conglomerate, a U.S. business group originally dedicated to construction; and Cosapi S.A., a Peruvian construction company, won the tender granted by the Peruvian Government for the construction, operation, and transfer (BOT) of Jorge Chávez International Airport, located in the Constitutional Province of Callao (Lima, Peru).
Lima Airport Partners S.R.L. (LAP), the concessionary formed by the consortium to comply with the requisites established in the concession contract, began operations on 14 February 2001. The Peruvian Government granted LAP a 30-year concession for the operation and expansion of Jorge Chávez International Airport.
In December 2001, Bechtel Enterprises Services, Ltd. transferred its share in LAP to Alterra Lima Holdings, Ltd., a subsidiary of AlterraPartners, an airport operator whose shareholders are Bechtel and Singapore Changi Airport Enterprise Pte Ltd. (SCAE). The latter is the operator of Singapore International Airport.
In September 2003, Cosapi sold its share in LAP to Alterra Holdings, Ltd. The resulting share distribution was Alterra Lima Holdings, Ltd. 57.25% and Fraport AG 42.75%.
In August 2007, Fraport AG Frankfurt Airport Services Worldwide acquired 57.25% of Alterra Lima Holdings and bccame the main LAP shareholder.
In May 2008, the International Finance Corporation (IFC), a member of the World Bank Group, and the Fund for Investment in Infrastructure, Public Services and Natural Resources, managed by AC Capitales SAFI S.A., became LAP partners. The resulting partnership structure of LAP was as follows: Fraport AG 70.01%; IFC 19.99%; and the Fund for Investment in Infrastructure, Public Services and Natural Resources 10%.
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%.