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TheStreet Open House

OMA Invests In Infrastructure And High Tech Equipment For Screening Checked Baggage In Its 13 Airports

MONTERREY, Mexico, Dec. 16, 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 the investments it is carrying out to implement Baggage Handling Systems (BHS) with high tech checked baggage screening equipment in each of its 13 airports.

The investment reflects OMA's commitment to providing services that meet the highest standards of quality and security. The total cost is approximately Ps. 500 million; the portion corresponding to each airport is included in its current Master Development Program (MDP). The Company will partially finance the investment with a 10-year, US$23 million loan from UPS Capital Business Credit, an affiliate of UPS (NYSE:UPS). The loan is backed by the U.S. Exim Bank, and will be disbursed as the equipment is acquired and installed.

OMA's airports will install a range of high tech equipment of different models and capacities, including trace explosive detectors and computerized tomography scanners that will provide 3D images that can analyze in detail the shape, size, packaging, and contents of items contained in checked baggage, and will enable operators to automatically detect explosives and prohibited substances and objects. In addition to the equipment, the BHS also includes the executive project, civil works, closed circuit TV, and baggage conveyor belts. All of these works are in progress. Some of the equipment has already been acquired, and the rest will be acquired and installed in phases. All of the equipment is expected to become operational at the 13 airports during 2011.

Jose Luis Guerrero, OMA's Chief Financial Officer, noted, "OMA is committed to security in our airports. The Baggage Handling System with high tech equipment will place us at the level of the best airports in the world. The project for equipping all 13 airports requires a total investment of approximately Ps. 500 million, part of which will be financed with debt. Contracting the long-term US$23 million loan from UPS Capital Business Credit is an important step forward in carrying out this major project."

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