Aeropuerto de Cancún Acquires Indirect Control of Quiport Through Motiva Stake Purchase; Regulator Approves

Aeropuerto de Cancún S.A. de C.V. has completed the acquisition of 100% of the shares of Brazilian company Motiva, which held an indirect controlling participation in Corporación Quiport — the concessionaire operating Quito's Mariscal Sucre International Airport.

Ecuador's Superintendencia de Competencia Económica approved the transaction, concluding it "does not generate risks for competition nor alters the functioning of the analyzed market."

Deal Structure

Entity	Country	Role
Aeropuerto de Cancún S.A. de C.V.	Mexico	Acquirer — 100% of Motiva shares
Motiva	Brazil	Target — held indirect controlling stake in Quiport
Corporación Quiport	Ecuador	Airport concessionaire
Odinsa S.A.	Colombia	Remaining consortium partner
HAS Development Corporation	United States	Remaining consortium partner

The Cancún-based group had no prior economic activities in Ecuador before this transaction, making this a greenfield entry into the Ecuadorian aviation infrastructure market.

Airport Performance Context

Quiport reported that Mariscal Sucre airport has risen to 4th in air cargo among Latin American and Caribbean facilities (previously 5th). President and general director Ramón Miró stated that "the Quito airport has been breaking its historical records year after year since 2022."

The airport's cargo performance is driven primarily by floriculture exports — the Mother's Day 2026 season alone moved 24,800 metric tons of flowers through the facility, up 16% year-over-year.

What to Watch

• Concession terms. The regulatory approval addresses competition but does not alter the underlying concession agreement between Quiport and the Ecuadorian government. Investment obligations, fee structures, and service level commitments remain governed by the original contract
• Capital expenditure plans. Airport operators typically deploy capex in the first 18-24 months post-acquisition. Improvements to terminal capacity, cargo handling infrastructure, and ground transportation connectivity would signal long-term commitment
• Odinsa and HAS positions. Whether the remaining consortium partners retain their stakes or negotiate exits will indicate whether the Cancún group intends to consolidate full control
• Regional strategy. Aeropuerto de Cancún operates one of Latin America's highest-traffic airports. Cross-network efficiencies — particularly in North American routing — could benefit both passenger and cargo operations at Mariscal Sucre
• Cargo infrastructure investment. With Quito now 4th in LatAm cargo and flower exports growing 16% annually, the economic case for expanded cold-chain and cargo terminal capacity is strong

Sources: Primicias, El Universo