May. 10 at 3:27 PM
$PAC GAP Airports announces initiation of process to establish a FIBRA
Grupo Aeroportuario del Pacifico announces that it has initiated the process for the potential establishment of an Irrevocable Trust for the Issuance of Energy and Infrastructure Investment Trust Certificates, or "FIBRA GAP," with the objective of subscribing a minority equity interest in the 12 Mexican airport concessionaires operated by GAP. "Through the initial issuance of FIBRA GAP, each of the 12 airports intends to obtain funds to complement the execution of the Master Development Program for the 2026-2029 period, which contemplates investments of approximately Ps. 40.0 billion.
The Master Development Program will generate significant growth in airport infrastructure, including an approximate increase of 60% in terminals, 35% in inspection points and access areas, 25% in aircraft parking positions, and 10% in airside infrastructure. These investments will contribute to economic development in the areas surrounding the airports through the generation of direct and indirect employment, as well as a multiplier effect on investment. The investment made by FIBRA GAP in the airports will represent an additional source of funds to invest in airport infrastructure, complementing the debt securities issuances under the program that GAP has utilized since 2015," the company stated.
