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Introduction to Grupo GAP
In the case of the Mexican airport operator Grupo Aeroportuario del Pacífico, or Grupo GAP, the company was founded in 1998 and became fully privatized in February of 2006, after the Mexican government completed an initial public offering (IPO) of 85% of its stock on a free float on both the Mexican Stock Exchange (BMV) and the New York Stock Exchange (NYSE) with the ticker symbols ‘GAP B’ and ‘PAC,’ respectively. The said IPO raised US$1 bn., and was reported to be the country’s largest privatization since the sale of Telmex, in 1990.
Grupo Aeroportuario del Pacífico finally became a fully privatized company in Feb. 2006
The remaining 15% of Grupo GAP’s stock is held by the company’s strategic partner: Aeropuertos Mexicanos del Pacífico (AMP), which, in turn, is owned by Desarrollo de Concesiones Aeroportuarias (DCA), the Corporación Mexicana de Aeropuertos (CMA) and AENA Internacional, each of the three partners holding an equal (5%) share of GAP’s stocks.
Grupo GAP maintains 85% of its shares in the public domain and 15% owned by its partner: AMP
GAP operates 12 airports in the Pacific and central regions of Mexico covering 10 states: Aguascalientes, Baja California, Baja California Sur, Colima, Guanajuato, Jalisco, Michoacan, Sinaloa, and Sonora; all the airports operated by this Group are ‘international,’ and six of them serve state capitals.
Geographically, Grupo GAP covers 10 states in the Pacific and central regions of Mexico
For private/non-commercial flights, Grupo GAP provides FBO services itself at 4 of its terminals -Aguascalientes, León/Guanajuato, Los Cabos and Morelia- whilst a further two airports -Guadalajara and Puerto Vallarta- provide FBO services through a third-party company by the name of Aerotron.
In 2015, GAP went international with the acquisition of Montego Bay’s Sangster International Airport (SIA)
In April, 2015., Grupo GAP acquired Desarrollo de Concesiones Aeroportuarias SL, a subsidiary of the Spanish company Abertis, thus becoming the main partner in MBJ Airports Limited -with a stake of 74.5% and thus took control of the Sangster International Airport (SIA) of Montego Bay -Jamaica- for an overall price of US$190 mn., which also included a 14.77% stake in the Santiago de Chile International Airport -which serves the capital of the coutntry- though the company’s concession for this airport expired in Sept., 2015.
GAP shares ownership of the Montego Bay Airport (SIA) in Jamaica with Vantage Airport Group
The above deal means that Grupo GAP is the second private-sector airport group in Mexico to expand its operations outside Mexican territory -the other being ASUR- and is now operating Jamaica’s #1 airport in partnership with the Canadian company Vantage Airport Group Limited, which owns the remaining 25.5% of MBJ Airports. The concession for the Sangster International Airport is valid through 2033; in 2015, SIA handled over 3.8 million passengers, of which 95% were on international flights.
Grupo GAP is Mexico’s second most important airport operator in the domestic niche
In terms of Grupo GAP’s passenger numbers, with its 12 Mexican terminals, this Group is the second most important regarding the domestic passenger market; in 2014, GAP’s airport network registered 15,840,788 domestic passengers, followed by 17,784,769 in 2015, thus giving an annual increase of 12.3%.
Regarding international passengers, GAP is the third most important airport operator in Mexico
On the international front, Grupo GAP’s airport network is the third most important entry port into Mexico by air -behind Grupo ASUR and the Mexico City International Airport Group- having handled a total of 8,330,164 international passengers at its 12 terminals in 2014. In 2015, the number increased to 9,354,620 which equalled the annual increase in the international niche, registering 12.3% more international visitors compared with the previous year.
TO BE UPDATED
In 2018, Grupo GAP registered a passenger count -throughout its Mexican airport network- of 40,465,400
*The above passenger statistics were published by Mexico’s Transport and Communications Secretariat (SCT)
Grupo GAP airports in Mexico
Click on the (airport code) to visit our complete information on each airport
The International Airport of Aguascalientes (AGU) – capital of the state of Aguascalientes
The International Airport of Guadalajara (GDL) – capital of the state of Jalisco
The International Airport of Hermosillo (HMO) – capital of the state of Sonora
The International Airport of La Paz (LAP) – capital of the state of Baja California Sur
The International Airport of Leon Del Bajio (BJX) – in the state of Guanajuato
The International Airport of Los Cabos (SJD) – in the state of Baja California Sur
The International Airport of Los Mochis (LMM) – in the state of Sinaloa
The International Airport of Manzanillo (MZO) – in the state of Colima
The International Airport of Mexicali (MXL) – in the state of Baja California
The International Airport of Morelia (MLM) – capital of the state of Michoacán
The International Airport of Puerto Vallarta (PVR) – in the state of Jalisco
The International Airport of Tijuana (TIJ) – in the state of Baja California
Grupo GAP airports outside Mexico
The International Airport of Montego Bay (SIA) – in Jamaica
Contact information for Grupo GAP
Avenida Mariano Otero No. 1249-B Torre Pacífico, Piso 6,
Rinconada del Bosque, Guadalajara, Jalisco, C.P. 45140, México.