Grupo Aeroportuario del Pacifico Announces Initiation of Operations of Cross-Border Bridge in Tijuana
By Business Wire News
By Business Wire News
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) (BMV:GAP) (“the Company” or “GAP”) announced the initiation of operations of the new cross-border bridge at Tijuana International Airport, between Otay, U.S. and Tijuana, Mexico.
The bridge facilitates transferring between the two countries for travelers holding a boarding pass to all flights departing from or arriving in Tijuana, reducing connection and waiting times at both the San Ysidro and Otay Mesa border crossings. The Mexican border authority’s services are located in the Tijuana airport, and the corresponding U.S. services are located on the premises of the CBX terminal on the north side of the border. Only passengers with a boarding pass for a flight from Tijuana airport or who have arrived at Tijuana airport on a flight from any other airport will be able to use the new border crossing upon presentation of their boarding pass.
Use of this new infrastructure built by Tijuana’s Airport is not subject to additional charges as it is part of the services offered by the Tijuana airport and which are included in the passenger fees (Tarifa por Utilización de los Servicios Aeroportuarios, or “TUA”). Passengers using the bridge from or to Tijuana may be subject to toll charges levied by CBX, the bridge operator in the U.S.
The initiation of operations of this infrastructure on both sides of the border provides a value-added alternative for international travelers by allowing the use of the Tijuana airport as the transfer point to both countries, resulting in a substantial increase in services rendered by the airport.
GAP’s investment in adapting the Tijuana airport installations concluded in September 2014, and amounted to Ps. 185 million.
For more information please visit www.aeropuertosgap.com.mx
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”. In April 2015 GAP acquired 100% of Desarrollo de Concesiones Aeroportuarias, S.L., which owns a majority stake of MJ Airports Limited, a company operating the Sangster International Airport in Montego Bay, Jamaica.
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.lineadedenuncia.com/gap. GAP’s Audit Committee will be notified of all complaints for immediate investigation.
Grupo Aeroportuario del Pacífico, S.A.B. de C.V.
Saúl Villarreal García, Chief Financial Officer
Paulina Sanchez Muniz, Investor Relations Officer
Tel: 52 (33) 38801100
In the U.S.
i-advize Corporate Communications
212-406-3691 / 212-406-3694