Grupo Aeroportuario del Pacífico
 |
|
| Public | |
| Traded as | : GAP : PAC |
| Industry | Airport Services |
| Founded | November 1, 1998 |
| Headquarters | Guadalajara, Mexico |
|
Number of locations
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13 airports |
|
Area served
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West of Mexico |
|
Key people
|
Laura Diez Barroso Azcarraga (Chairman) Fernando Bosque Mohíno (CEO) |
| Revenue |
 US$ 502 million (2015) |
|
US$ 172 million (2015) |
|
| Total assets |
US$ 1,948 million (2015) |
|
Number of employees
|
885 |
| Website | aeropuertosgap |
Grupo Aeroportuario del Pacífico, S.A.B. de C.V., known as GAP, is a Mexican airport operator headquartered in Guadalajara, Mexico. It operates 12 airports in the western states of Mexico, including those of major Mexican cities Guadalajara and Tijuana, and two important tourist destinations, Los Cabos and Puerto Vallarta. It is the second largest airport services company by passenger traffic in Mexico. It serves approximately 27 million passengers annually, only surpassed by the operator of Mexico City International Airport.
Since 2011 there is an ongoing dispute between GAP and one of its major shareholders, Grupo Mexico, which holds more than 20% of the shares and announced it planned to acquire at least 30% of the shares. According to GAP by-laws, its shareholders should not hold more than 10% of the shares. In 2015, Grupo México announced it has reduced its stake in GAP, although not enough to meet GAP by-laws rules.
GAP is listed on the and in the NYSE through ADRs since 2006. It is a constituent of the IPC, the main benchmark index of the .
Airports in Mexico
Grupo Aeroportuario del Pacífico (GAP) was founded in 1998, when the Mexican airport system was opened to private investment. Since that time, GAP has administered, operated, maintained and developed twelve airports in the Pacific and Central regions of Mexico.
GAP derives income from passenger traffic and through marketing of its commercial spaces. In the commercial arena, the business strategy is focused on increasing the profit opportunities in retail spaces. To meet this strategy, the Group has placed in operation and continue to develop modern and attractive commercial areas. The objectives of Grupo Aeroportuario del Pacífico have been stated as: to fund the appropriate levels of infrastructure at their airports; to provide the technology, management methods, and modern operational tools to elevate levels of efficiency and operation; to meet international efficiency standards; and, finally, to maintain the present levels of security. The activities of the Group are held to a criterion of economic rationality, so that investors receive an attractive rate of return.
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Wikipedia