GUADALAJARA, Mexico--(BUSINESS WIRE)--Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) informs that, due to Hurricane Odile, which moved through the Baja California coastal area on Sunday, September 14, 2014, the Los Cabos International Airport experienced damage to the building, including the detachment of the roof covering in Terminal 1 and the collapse of ceiling panels in Terminal 2.
The runway, taxiways and aprons experienced damage that was able to be repaired in the very short term, which allowed air terminal flights to begin on September 16, 2014 for the transfer of provisions, medicine and water for those people affected in the area as well as for flights for the evacuation of tourists.
The airport has the means necessary to carry out the cleanup work and the removal of debris, which has already begun, in order to reinitiate commercial operations as soon as possible. However, given the extent of damage in the terminal buildings, the reestablishment of all of the elements of passenger comfort at each of the buildings will require a few more days.
GAP expects that the regularization of operations will take place within a time frame of approximately 10 days. Thereafter, operations will take place under the normal safety protocol typically followed at GAP’s airports, through dedication of the resources and efforts necessary to ensure that operations during the winter season will operate as usual.
The La Paz International Airport experienced some damage in the interior areas of the terminal building. The runway and taxiways are operational; as a result, we expect commercial aviation to begin operating shortly.
GAP will continue supporting the federal and state authorities in all that is necessary for operations and activities in the region to return to normal in the shortest time possible.
Company Description:
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) operates 12 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”.
This press release may contain forward-looking statements. These statements 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 conditions, 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 01-800-563-0047. The web site is http://www.lineadenuncia.org/gap. GAP’s Audit Committee will be notified of all complaints for immediate investigation.
For more information please visit www.aeropuertosgap.com.mx.
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