Lima Airport Partners (LAP) has launched an international tender for the development of a private aviation terminal at the former Jorge Chávez International Airport, marking a new phase in the airport’s expansion strategy. With an estimated investment of $10 million, the project aims to position Lima as a competitive hub for executive, corporate and private aviation while unlocking new value from existing infrastructure.
Beyond the development of a Fixed Base Operator (FBO) terminal, the initiative reflects a broader shift in how airports are redefining their business models—combining premium aviation services with real estate-driven growth.
Private aviation emerges as a strategic segment for regional hubs
The decision to invest in a dedicated FBO terminal aligns with the sustained growth of private and corporate aviation across Latin America. Once considered a niche market, private aviation has become a strategic segment for airports seeking to diversify revenue streams and attract high-value traffic.
Unlike commercial aviation, this segment requires specialized infrastructure, tailored passenger services, and integrated aircraft handling capabilities. The planned 2,000-square-meter facility will include passenger processing areas, hangars, parking spaces, corporate offices and business meeting facilities—designed to meet international standards and attract global operators.
As Paola Loayza, Real Estate Business Manager at LAP, noted, the project aims to “reinforce [LAP’s] long-term vision of consolidating Lima as a regional hub for private, executive and corporate aviation,” highlighting the growing importance of premium air mobility within global connectivity strategies.
From legacy terminal to value-generating asset
The FBO project is not an isolated development. It forms part of a wider effort to redevelop the former Faucett terminal, which ceased operations in May 2025 following the launch of the new Jorge Chávez Airport.
Rather than leaving this infrastructure underutilized, LAP is repositioning it as a multi-functional asset. In addition to the private aviation terminal, the operator is evaluating complementary developments including a logistics center, commercial areas and a convention center.
This approach reflects a broader industry trend: airports are increasingly evolving into integrated economic zones, often referred to as “airport cities.” By combining aviation and non-aeronautical activities, operators can maximize land use, generate diversified revenues and create new investment ecosystems around airport infrastructure.
Strengthening Lima’s competitive positioning in the region
The development of a dedicated private aviation terminal also responds to increasing competition among regional hubs. Several airports in Latin America already offer specialized infrastructure for business aviation, positioning themselves as gateways for international corporate travel.
In this context, Lima’s strategy is twofold: enhance its connectivity with major global financial centers while improving its attractiveness to high-value travelers and operators. By integrating private aviation into its long-term development plan, Lima Airport Partners (LAP) is aligning with global hub models where premium services play a key role in competitiveness.
The project also supports Peru’s ambition to strengthen its position within regional and international air transport networks, leveraging both infrastructure upgrades and targeted service offerings.
A dual strategy shaping the future airport model
The FBO tender illustrates how airports are increasingly combining aviation specialization with real estate development to drive long-term growth. In Lima, this dual strategy—focused on private aviation and asset optimization—signals a shift toward a more diversified and resilient airport model.
As global demand evolves and competition intensifies, such integrated approaches are likely to become a defining feature of next-generation hubs, particularly in emerging markets seeking to capture new flows of capital, business travel and investment.
