Press Releases May 9, 2026 02:42 AM

Grupo Aeroportuario del Pacifico Announces Initiation of the Process to Establish a FIBRA

Grupo Aeroportuario del Pacifico initiates process to create FIBRA to fund substantial airport infrastructure expansion.

By Hana Yamamoto PAC

Grupo Aeroportuario del Pacifico (NYSE: PAC) has begun the process to establish an energy and infrastructure investment trust (FIBRA GAP) aimed at raising funds by subscribing a minority equity interest in its 12 Mexican airports. The initiative will complement GAP's existing debt financing to support a Master Development Program from 2026 to 2029, involving approximately 40 billion pesos in investments to significantly enhance airport infrastructure, thereby driving regional economic growth and employment.

Grupo Aeroportuario del Pacifico Announces Initiation of the Process to Establish a FIBRA
PAC

Key Points

  • Initiation of FIBRA GAP trust to finance minority equity stakes in 12 Mexican airport concessions operated by GAP.
  • Master Development Program plans investments of approximately 40 billion pesos from 2026 to 2029, aiming to increase terminal size by 60%, aircraft parking by 25%, and airside infrastructure by 10%.
  • Investment will boost airport infrastructure growth and generate economic development and jobs in surrounding regions.

GUADALAJARA, Mexico, May 09, 2026 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) (the “Company” or “GAP”) 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 (“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.

Company Description

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) operates 12 airports throughout Mexico’s Pacific region, including the major cities of Guadalajara and Tijuana, the four tourist destinations of Puerto Vallarta, Los Cabos, La Paz and Manzanillo, and six other mid-sized cities: Hermosillo, Guanajuato, Morelia, Aguascalientes, Mexicali, and Los Mochis. In February 2006, GAP’s shares were listed on the New York Stock Exchange under the ticker symbol “PAC” and on the Mexican Stock Exchange under the ticker symbol “GAP”. In April 2015, GAP acquired 100% of Desarrollo de Concessioner Aeroportuarias, S.L., which owns a majority stake in MBJ Airports Limited, a company operating Sangster International Airport in Montego Bay, Jamaica. In October 2018, GAP entered into a concession agreement for the Norman Manley International Airport operation in Kingston, Jamaica, and took control of the operation in October 2019.

This press release may contain forward-looking statements. These statements are statements that are not historical facts and are based on management’s current view and estimates of future economic circumstances, industry conditions, company performance, and financial results. The words “anticipates”, “believes”, “estimates”, “expects”, “plans” and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations, and the factors or trends affecting financial condition, liquidity, or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends, or results will occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations. 

In accordance with Section 806 of the Sarbanes-Oxley Act of 2002 and Article 42 of the “Ley del Mercado de Valores”, GAP has implemented a “whistleblower” program, which allows complainants to anonymously and confidentially report suspected activities that involve criminal conduct or violations. The telephone number in Mexico, facilitated by a third party responsible for collecting these complaints, is 800 04 ETICA (38422) or WhatsApp +52 55 6538 5504. The website is www.lineadedenunciagap.com or by email at [email protected]. GAP’s Audit Committee will be notified of all complaints for immediate investigation.


Alejandra Soto Investor Relations and Social Responsibility [email protected]  Gisela Murillo, Investor [email protected]
+52 33 3880 1100 ext. 20294


Risks

  • Forward-looking statements are subject to risks including changes in economic, market, and industry conditions that may affect actual results.
  • Uncertainty around the successful formation and capital raising through FIBRA GAP and its impact on GAP's financial position.
  • Potential operational risks related to large-scale infrastructure projects and integration within multiple airport locations.

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