Business News
Grupo Aeroportuario del Pacifico Reports on Reinitiation of Avolar Operations
2008-08-08 12:49:00
Grupo Aeroportuario del Pacifico Reports on Reinitiation of Avolar Operations
GUADALAJARA, Mexico, Aug. 8 /EMWNews/ -- Grupo Aeroportuario del Pacifico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) (the "Company" or "GAP") announced today that Avolar re-initiated operations at GAP's airports this morning. At 12:30 a.m. today, Avolar Flight 107 took off from Tijuana International Airport destined for Guanajuato with 56 passengers on board, and two subsequent flights with the same destination followed. A total of seven flights are expected for today. GAP expects Avolar's operations at its various airports to normalize over the next few days. It is important to note that during the January-July 2008 period, Avolar represented 5.1% of GAP's total traffic, while operating at five of the Company's twelve airports (Tijuana, Guadalajara, Hermosillo, Guanajuato and Morelia), representing approximately 17% and 25% of total traffic at the Tijuana and Morelia airports, respectively; approximately 14% of total traffic at the Guanajuato airport; and approximately 3% of total traffic at the airports of Guadalajara and Hermosillo. This report may contain projections or other forward-looking statements related to GAP that involve risks and uncertainties. Readers are cautioned that these statements are only projections of future events based on assumptions and estimates GAP believes to be reasonable, but these projections may differ materially from actual future results or events. Factors that could cause actual results to differ materially and adversely include, but are not limited to: changes in general economic, business or political or other conditions in Mexico, changes in general economic, business or political or other conditions in the United States or changes in general economic or business conditions in Latin America, the price of fuel, inflation rates, exchange rates, regulatory developments, customer demand and competition, changes in the performance or terms of our concessions, developments in legal proceedings, changes in capital markets in general that may affect policies or attitudes towards lending to Mexico or Mexican companies, increased costs, unanticipated increases in financing and other costs or the inability to obtain additional debt or equity financing on attractive terms. Readers are referred to the documents filed by GAP with the United States Securities and Exchange Commission, specifically the most recent filing on Form 20-F which identifies important risk factors that could cause actual results to differ from those contained in the forward-looking statements. All forward-looking statements are based on information available to GAP on the date hereof, and GAP assumes no obligation to update such statements. Company Description: Grupo Aeroportuario del Pacifco, 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, Guanajuato, 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". For further information please visit: http://www.aeropuertosgap.com.mx or contact us:
In Mexico Miguel Aliaga, Investor Relations Officer Grupo Aeroportuario del Pacifico, S.A.B. de C.V. Tel: 52 (333) 8801100 ext 216 [email protected] In the United States Maria Barona / Peter Majeski i-advize Corporate Communications Tel: 212 406 3690 [email protected]
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