Grupo Aeroportuario del Pacifico announced last night that on October 4, GAP received a notification from the Federal Civil Aviation Agency, a decentralized entity of the Mexican Secretary of Infrastructure, Communications, and Transport, informing that has decided, unilaterally and without any previous communication with the company, to amend with immediate effect the terms of the tariff base regulation set forth in Annex 7 of the concession agreements undertaken with the SICT on June 29, 1998, as amended, in connection with the airports GAP operates in Mexico’s Pacific region. “GAP is currently evaluating the potential impact that the changes to the tariff base regulation may have on its business, results of operation, and financial condition,” the company stated. In morning trading in New York, Grupo Aeroportuario del Pacifico shares have fallen $50.65, or 31%, to $112.98.
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