This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
MONTERREY, Mexico, Aug. 13, 2010 (GLOBE NEWSWIRE) -- Mexican airport operator Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., known as OMA (Nasdaq:OMAB) (BMV:OMA) announced that it has ended the agreement for collection of passenger charges with the airlines of Grupo Mexicana, including Mexicana de Aviación, Click Mexicana, and Mexicana Link. This measure has been taken in order to protect future revenues as a result of developments in these airlines.
Effective August 21, 2010, these three airlines will either have to pay OMA in advance passenger charges for departing passengers at OMA airports or ask their passengers to make the payment directly in the airport prior to boarding, based on procedures that will be announced in the near future. OMA will work together with these airlines to make the payment process flexible and efficient for passengers.
This measure applies only to the airlines Mexicana de Aviación, Click Mexicana, and Mexicana Link. The agreements for the collection of passenger charges with other airlines continue unchanged.
The Grupo Mexicana airlines currently operate at the following OMA airports: Acapulco, Chihuahua, Culiacán, Durango, Mazatlán, Monterrey, Reynosa, Tampico, Torreón, and Zihuatanejo. For the first six months of 2010, the Grupo Mexicana airlines generated 12.2% of OMA's revenues, with Mexicana de Aviación accounting for 5.9%. Of the Ps. 458.8 million in accounts receivable on OMA's balance sheet as of June 30, 2010, the Grupo Mexicana airlines owed Ps. 99.8 million, including Ps. 49.5 million from Mexicana de Aviación; most of these receivables are for passenger charges.
About OMAGrupo Aeroportuario del Centro Norte, S.A.B. de C.V., known as OMA, operates 13 international airports in nine states of central and northern Mexico. OMA's airports serve Monterrey, Mexico's third largest metropolitan area, the tourist destinations of Acapulco, Mazatlán, and Zihuatanejo, and nine other regional centers and border cities. OMA also operates a hotel and commercial areas inside Terminal 2 of the Mexico City airport. OMA employs over 970 persons in order to offer passengers and clients, airport and commercial services in facilities that comply with all applicable international safety, security standards, and ISO 9001:2008. OMA's strategic shareholder members are ICA, Mexico's largest engineering, procurement, and construction company, and Aéroports de Paris Management, subsidiary of Aéroports de Paris, the second largest European airports operator. OMA is listed on the Mexican Stock Exchange (OMA) and on the NASDAQ Global Select Market (OMAB). Please visit our website, www.oma.aero .
This press release may contain forward-looking information and statements. Forward-looking statements are statements that are not historical facts. These statements are only predictions based on our current expectations and projections about future events. Forward-looking statements may be identified by the words "believe," "expect," "anticipate," "target," or similar expressions. While OMA's management believes that the expectations reflected in such forward-looking statements are reasonable, investors are cautioned that forward-looking information and statements are subject to various risks and uncertainties, many of which are difficult to predict and are generally beyond the control of OMA, that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include, but are not limited to, those discussed in our most recent annual report filed on Form 20-F under the caption "Risk Factors." OMA undertakes no obligation to publicly update its forward-looking statements, whether as a result of new information, future events, or otherwise.
CONTACT: Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.
Jose Luis Guerrero Cortes, CFO