One of the most ambitious infrastructure deals to have been executed in Latin America is ASUR Corporation’s deal in Mexico. The company announced its acquisition of Motiva airport concessions for $936 million, but reported entering a total transaction value of $2.2 billion. ASUR is poised to become one of the most powerful players in aviation infrastructure for the entire continent to meet the demands of 116 million passengers every year.
Deal creates Latin America’s most expansive airport network
ASUR’s strategic acquisition involves 20 airports located in Brazil, Ecuador, Costa Rica, and Curaçao. This strategic move is expected to redefine the landscape of competition for Latin American airlines. The company’s major assets include Quito International Airport, located in Ecuador, and Juan Santamaria International Airport, located in Costa Rica. The assets create significant revenue for ASUR because they have reported EBITDA of $375 million for the year ended September 2025.
This deal is also not just growth but is rather informed by a bet on the recovery and future growth of the aviation industry in Latin America as a whole. Brazil is also the largest aviation market for passenger traffic in Latin America, and this deal is clearly very important as such. ASUR will enjoy immediate revenue streams and will also position itself to take advantage of the economic recovery underway.
This deal will further expand ASUR’s presence from 16 airports to 36 facilities in six countries, thus providing major economies of scale that will be very difficult for its competitors to match or compete against effectively.
Financial ratios highlight attractive investment opportunities
Financial analysis of this deal provides information on its strategic and rational growth strategy because ASUR is planning to add 45 million passengers to its 71 million-strong base each year, thereby catering to over 116 million passengers overall. The statistics of EBITDA provided for Motiva’s share of $243 million clearly depict strong operational efficiency for the acquired assets.
Notably, seventeen out of its twenty airports have concession terms of more than 15 years. This gives ASUR visibility and control over its revenue stream for many years to come and gives it time to improve its operations and reap maximum benefits from its huge investment at its airports. The company’s debt-to-equity ratio is at 0.58, and its cash flow position is strong to facilitate its expansion initiatives.
JPMorgan Chase provides funding for execution
ASUR intends to use a combination of cash reserves and financings arranged by JPMorgan Chase Bank to finance its acquisition. This shows investors’ confidence in its strategic worth, but also helps to maintain ASUR’s agility to pursue its future growth initiatives too. It is timely too. The Latin American air transport market is recovering well from the pandemic crisis, and ASUR is poised to take advantage of this growth while leveraging on its own diversification strategy to reduce reliance on any one market or cycle.
Regional market position as an aviation leader
This acquisition brings ASUR among the managers of international airports around the world, offering it diversity for various economic zones and environments. ASUR is already operating in Mexico, Colombia, and Puerto Rico, showcasing its effectiveness in different environments and regulations. This variety now brings Brazil’s substantial home market, geographical position of Ecuador, Costa Rica’s economy indexed to tourism, and the connectivity hub of Curaçao to its operations.
ASUR’s $2.2 billion acquisition of Motiva’s airport business is the defining point for airport infrastructure development in Latin America at this point in time because it provides ASUR with operational control of 36 airports, which service 116 million passengers each year. ASUR is poised to make its presence felt for many years to come because of its robust resources, lengthy concession period, and strategic alignment.
