Monthly Archives: April 2015

Implications of the Grupo Aeroportuario Del Pacifo (PAC-NYSE, $65.46) Acquisition of Sangster International Airport Contract.

The cost of $190.5 million, assuming that 100% is funded via debt, will represent about $12 million per year in interest charges. Donald Sangster Airport is the largest of Jamaica’s airports and the concession will run for a further 18

Posted in Portfolio Model Subscription

Grupo Aeroportuario Del Pacifio (PAC-NYSE, $65.46) Purchases Airport Concession.

PAC announced, for a cost of $190.8 million, the acquisition of a 100% stake in Spanish company Desarrollo de Concesiones Aeroportuarias, S.L. The purchase provides a 74.5% controlling operating interest in the airport concession to manage the Donald Sangster International

Posted in Open Blog

HNA Infrastructure (0357.hk, 8.58HK) reports Q1, 2015 passenger increase of 17%.

HNA Infrastructure, the company managing Haikou International Airport, reported a 17% increase in passenger throughput for the first quarter of 2015. http://www.mlairport.com/autoweb/autoweb/third/mljc_eng_tzzgx762.html The airport’s growth can be attributed to a secular boom in Chinese tourism. http://www.chinadaily.com.cn/regional/2015-03/28/content_19991248.htm

Posted in Open Blog

Investment Implications of Accelerated Passenger Growth for the Three Public Operators in Mexico.

Grupo Aeroportuario Del Sureste (ASR-NYSE, $145.04). 2015 total throughput forecast to grow by more than 12%. Buy for potential share split and inclusion in portfolios by institutional holders. Grupo Aeroportuario Del Centro Norte (OMAB-NASDAQ, $40.76) 2015 total throughput forecast to

Posted in Portfolio Model Subscription

Mexican Airport Operators Post Sharp Increases in March 2015 Passenger Traffic

March 2015 figures are now in for the three publicly traded Mexican Airport manager/operators. Two of the operators reported sharp increases in throughput. Grupo Aeroportuario Del Sureste (ASR-NYSE, $145.260, announced a 12.3% overall increase in passenger volumes through all of

Posted in Open Blog