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[PAC] Grupo Aeroportuario del Pacifico SA

Symbol: PAC
Last Price: 27.65
Change: 0.00 (0.00%) 		PAC chart

7/24/2008 08:33pm
Grupo Aeroportuario del Pacifico SA Comments on Aerocalifornia's suspension

- Grupo Aeroportuario del Pacifico today made an announcement to the market regarding Aerocalifornia's operations at GAP's airports, per the announcement issued by the Mexican Ministry of Communications and Transportation (Secretaria de Comunicaciones y Transportes) regarding the suspension of Express Jet and Aerocalifornia within Mexican air space due to alleged non-payment for rights to use national air space.
- The Company is unable to determine how long these suspensions will last, and the impact on GAP will depend on their length.
- It is important to note that at the close of June 2008, Aerocalifornia represented 6.1% of GAP's total traffic.
- Regarding Express Jet's suspension, the Company estimates that its impact will be minimal since that company is not a direct client of GAP but rather offers services to Delta and Continental.


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