GUADALAJARA,
Mexico,
March 27 /PRNewswire-FirstCall/ -- Grupo
Aeroportuario del Pacifico, S.A.B. de C.V. (NYSE: PAC) (BMV: GAP) ("the
Company" or "GAP") announced that on
March 26, 2007 the Mexican Ministry of
Communications and Transportation (SCT) suspended the operations of Lineas
Aereas Azteca, "Due to a series of findings by the Bureau of Civil Aviation
(DGAC), which has determined that this airline has not guaranteed operations
within basic security standards, mainly due to problems with maintenance and
training." In addition, the SCT considers Lineas Aereas Azteca's financial
situation compromised and has granted the airline 90 days to correct its
deficiencies prior to resuming its operations.
Lineas Aereas Azteca has registered eight Boeing 737 airplanes with the
DGAC. As per the SCT, Lineas Aereas Azteca currently operates four airplanes.
Lineas Aereas Azteca operated, until March 26, 2007, at seven of GAP's
twelve airports (Aguascalientes, Guadalajara, Hermosillo, Morelia, Mexicali,
Puerto Vallarta and Tijuana). Passenger traffic handled by Lineas Aereas
Azteca represented approximately 5.5% of GAP's total passenger traffic for
2006. Additionally, Lineas Aereas Azteca represented 3.2% of GAP's total
revenues in 2006. Of the airports operated by GAP, the Tijuana, Guadalajara
and Hermosillo airports registered the greatest number of Lineas Aereas Azteca
passengers and operations in 2006.
Of the routes operated by Lineas Aereas Azteca at GAP's airports, none
were operated exclusively, or dominated by this airline. As a result, most of
the impact from the suspension will be quickly absorbed by the existing
flights of other airlines that currently operate such routes.
The main routes serviced by Lineas Aereas Azteca, in terms of number of
passengers, were: Guadalajara-Mexico, Tijuana-Mexico, Guadalajara-Tijuana and
Puerto Vallarta-Mexico. These routes are serviced by various airlines.
Company Description:
Grupo Aeroportuario del Pacifico, S.A.B. de C.V. (GAP) operates twelve
airports throughout Mexico's Pacific region, including the major cities of
Guadalajara and Tijuana, the four tourist destinations of Puerto Vallarta, Los
Cabos, La Paz and Manzanillo, and six other mid-sized cities: Hermosillo,
Bajio, Morelia, Aguascalientes, Mexicali and Los Mochis. In February 2006,
GAP's shares were listed on the New York Stock Exchange under the ticker
symbol "PAC" and on the Mexican Stock Exchange under the ticker symbol "GAP".
This press release may contain forward-looking statements. These
statements are statements that are not historical facts, and are based on
management's current view and estimates of future economic circumstances,
industry conditions, company performance and financial results. The words
"anticipates," "believes," "estimates," "expects," "plans" and similar
expressions, as they relate to the company, are intended to identify forward-
looking statements. Statements regarding the declaration or payment of
dividends, the implementation of principal operating and financing strategies
and capital expenditure plans, the direction of future operations and the
factors or trends affecting financial condition, liquidity or results of
operations are examples of forward-looking statements. Such statements reflect
the current views of management and are subject to a number of risks and
uncertainties. There is no guarantee that the expected events, trends or
results will actually occur. The statements are based on many assumptions and
factors, including general economic and market conditions, industry
conditions, and operating factors. Any changes in such assumptions or factors
could cause actual results to differ materially from current expectations.
In accordance with Section 806 of the Sarbanes-Oxley Act of 2002 and
article 42 of the "Ley del Mercado de Valores", GAP has implemented a
"whistleblower" program, which allows complainants to anonymously and
confidentially report suspected activities that may involve criminal conduct
or violations. The telephone number in Mexico, facilitated by a third party
that is in charge of collecting these complaints, is 800-759-0045. GAP's Audit
Committee will be notified of all complaints for immediate investigation.
For more information please visit http://www.aeropuertosgap.com.mx or
contact:
In Mexico
Rodrigo Guzman, Chief Financial Officer
Miguel Aliaga, Investor Relations Officer
Grupo Aeroportuario del Pacifico, S.A.B. de C.V.
Tel: 01 (333) 8801100 ext 212 / 216
maliagag@aeropuertosgap.com.mx
In the U.S.
Maria Barona
Peter Majeski
i-advize Corporate Communications, Inc.
Tel: 212-406-3690
gap@i-advize.com
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