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Grupo Aeroportuario del Pacifico Reports on the Announcement of Avolar’s Suspension

Written by thomas · Filed Under Commercial 

August 5, 2008

thomas

GUADALAJARA, Mexico, Aug. 5 /PRNewswire-FirstCall/ — Grupo
Aeroportuario del Pacifico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) (the
“Company” or “GAP”) today made an announcement to the market regarding
Avolar’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 Avolar and Novair
within Mexican air space due to alleged non-payment for rights to use
national air space. The suspension will become effective today at noon
(Mexico Time), unless payment is made.

The Company is unable to determine how long these suspensions will
last, and the impact on GAP will depend on their length and the possibility
of other airlines to increase its seat offer.

It is important to note that during the period January-July 2008,
Avolar represented 5.1% of GAP’s total traffic and operates at five of the
Company’s twelve airports (Tijuana, Guadalajara, Hermosillo, Guanajuato and
Morelia), representing approximately 17% and 25% of total traffic in the
Tijuana and Morelia airports, respectively, approximately 14% of total
traffic in the Guanajuato airport, and approximately 3% of total traffic in
each of the airports of Guadalajara and Hermosillo.

During the month of July, Avolar had 940 departures at the Company’s
airports. Avolar’s only exclusive routes were Tijuana-Colima (with 26
outbound frequencies) and Tijuana-Uruapan (with 68 outbound frequencies).

Regarding Novair’s suspension, the Company estimates that its impact
will be minimal since that company represented only 0.3% of total traffic
for the January-June period.

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 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, 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”.

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