Grupo Aeroportuario del Pacifico reports on announcement of Avolar's suspension

Grupo Aeroportuario del Pacifico 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, 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 Jan-08 and Jul-08, 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 Jul-08, 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.


(c) Centre for Asia Pacific Aviation. Date posted: 07-Aug-08

 

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