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Grupo Aeroportuario del Pacifico Informs Regarding Denial of Avolar Concession Renewal

Written by thomas · Filed Under Commercial 

October 28, 2008

thomas

GUADALAJARA, Mexico, Oct. 28 /PRNewswire-FirstCall/ — Grupo
Aeroportuario del Pacifico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) (“the
Company” or “GAP”) announced that on Friday, October 24, 2008, the Mexican
Ministry of Communications and Transportation denied Avolar Aerolineas
(“Avolar” or “the airline”) the renewal of its concession to provide
passenger, cargo and mail services in the national air space, given the
airline’s inability to comply with the necessary safety, service, coverage
and quality guidelines.

To date, Avolar operates at three of the Company’s twelve airports.
These are the airports of Tijuana, Guadalajara and Morelia.

During 2008, Avolar gradually reduced its operations in GAP’s various
airports, from 891 scheduled departures in September 2007, to 162 scheduled
departures in September 2008.

Scheduled Departures AVOLAR September 2007 vs 2008

Airport              Operations    Operations
Sep-07        Sep-08   Difference  Change %
Guanajuato         43             0            -43            -100.00%
Guadalajara       267            34         -233           -87.27%
Hermosillo         36             0            -36          -100.00%
La Paz                 60             0            -60          -100.00%
Morelia              68            21            -47              -69.12%
Tijuana             417           107           -310           -74.34%
GAP                  891           162           -729           -81.82%

For the twelve months of 2007, Avolar transported 1,626,186 passengers
throughout GAP’s airport network, representing 10.3% of the Company’s
domestic passengers and 6.9% of total passengers. For the first nine months
of 2008, the airline gradually reduced its operations, transporting only
791,956 passengers, representing 6.9% of domestic passengers and 4.6% of
the Company’s total passengers. During the month of September 2008, Avolar
transported approximately 0.69% of GAP’s total passengers.

As a result of Avolar’s reductions, the Company expects that Avolar’s
suspension of operations will not materially affect GAP’s results for the
remainder of 2008.

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