PAC

Grupo Aeroportuario del Pacifico, S.A.B de C.V.

"We hold concessions to operate 12 airports, which serve two major metropolitan areas (Guadalajara and Tijuana), several tourist destinations, such as Puerto Vallarta, Los Cabos, La Paz and Manzanillo, and a number of mid-sized cities, such as Hermosillo, Guanajuato, Morelia, Aguascalientes, Mexicali and Los Mochis. Our airports are located in nine of the 32 Mexican states, covering a territory of approximately 566,000 square kilometers, with a population of approximately 26.7 million according to the INEGI. All of our airports are designated as international airports under Mexican law, meaning that they are all equipped to receive international flights and maintain customs, refueling and immigration services managed by the Mexican government.

Our airports handled approximately 22.3 million and 19.3 million terminal passengers in 2008 and 2009, respectively, which we believe makes us the largest private airport operator in the Americas. As of December 31, 2009, five of our airports ranked among the top ten busiest airports in Mexico based on commercial aviation passenger traffic, according to data published by the Mexican Airport and Auxiliary Services Agency. According to figures of the Mexican Airport and Auxiliary Services Agency, our commercial aviation passenger traffic accounted for approximately 21.4% and 26.7% of all arriving and departing commercial aviation passengers in Mexico in 2008 and 2009, respectively. In 2009, we recorded revenues of Ps. 3,266.2 million and net income of Ps. 1,199.4 million.

Our airports serve several major international routes, including Guadalajara-Los Angeles, which, in 2009, ranked as the busiest international route in Mexico by total number of passengers according to the Mexican Bureau of Civil Aviation. In addition, our airports serve major resort destinations such as Puerto Vallarta and Los Cabos, which are among the most popular destinations in Mexico visited by tourists from California. Our airports also serve major domestic routes, including Guadalajara-Mexico City, which was the country’s third busiest route in 2009, according to the Mexican Bureau of Civil Aviation. Other top domestic routes in terms of total passenger traffic include Guadalajara-Tijuana and Mexico City-Tijuana which ranked fourth and fifth among the busiest domestic routes in Mexico in 2009, according to the Mexican Bureau of Civil Aviation. "