Latest news with #airportdevelopment
Associated Press
3 days ago
- Business
- Associated Press
Grupo Aeroportuario Del Pacifico Announces Approval Of Maximum Tariffs And Capital Development Program For 2026-2030 For Montego Bay Airport In Jamaica
GUADALAJARA, Mexico, June 06, 2025 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) ('the Company' or 'GAP') announces the conclusion of the ordinary review process for the maximum tariffs per passenger and committed investments included in the Capital Development Program of Montego Bay for the 2026–2030 period. The maximum passenger charges are expressed in U.S. dollars and will apply to each year as specified in the following table: The investments approved by the Authority and committed under the Capital Development Program are expressed in millions of U.S. dollars and must be deployed according to the following schedule: 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 or by email at [email protected]. GAP's Audit Committee will be notified of all complaints for immediate investigation.
Yahoo
08-05-2025
- Business
- Yahoo
City of Tyler set to vote on airport hazard area zoning regulations
TYLER, Texas (KETK)– Tyler City council will call a vote to amend an ordinance, establishing a hazard area by the six runways at Tyler Pounds. Lufkin police investigate targeted shooting in residential area The Planning and Zoning Committee voted 6-1 Tuesday to recommend an addition of restricted areas around the airport. 'If you were to build something at a particular height that might obstruct an aircraft from safely approaching either one, any of those six runways, that is the issue that we're trying to avoid,' airport director, Stephen Thompson said. The predicted areas to be impacted the most are outlined in black, but the final decision will be made by the FAA. City of Tyler Planning and Zoning Board Meeting Business owners within the heavily restricted area are confused about what they can have on their property. 'My concern is what would we be the restrictions are from? Would we be able to have RV parking, RV storage in that zone that is already constructed? My RV storage is definitely in that zone?' one RV business owner said. Tyler High students honored for leadership, excellence in JROTC program One homeowner who lives in the restricted area questioned if there was a threat to their livelihood and the planning director said no. 'If this is expected to pass this does not require you to move or restructure your home,' Planning and Zoning Director, Kyle Kingma said. Thompson said this will set the standard when new development enters into that part of Tyler. 'This document basically just steers developers towards that and raises awareness and makes sure that people understand that development in the vicinity of an airport has that obligation to do an airspace study and the FAA provides the feedback. They'll determine what is and what is not a hazard,' Thompson said. If the ordinance were to pass, the FAA would restrict various building heights, frequencies, lighting concerns, and business that could attract birds to the area. The vote will be taken by city council, May 28. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. For the latest news, weather, sports, and streaming video, head to |
Zawya
06-05-2025
- Business
- Zawya
24th Airport Show kicks off in Dubai with broad global participation amidst massive airport infrastructure expansion
Ahmed bin Saeed: "Dubai's aviation sector will continue to grow and strengthen our global standing" More than 6,000 trade visitors from 30 countries; 140 exhibitors and 150-plus buyers from 70 organisations from 30 countries Show designed to serve the US$1 trillion airport development market in the MEASA region Dubai, United Arab Emirate: His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority, Chairman of Dubai Airports, Chairman and Chief Executive of Emirates Airline and Group, opened the 24th edition of Airport Show at the Dubai World Trade Centre (DWTC), which will run till May 8, 2025. His Highness toured the B2B exhibition pavilions accompanied by top aviation officials and industry stakeholders and engaged with various exhibitors and learning more about the latest technologies shaping the airport industry. More than 6,000 trade visitors from 30 countries are attending the Middle East, Africa and South Asia's (MEASA) largest airport industry B2B platform to explore innovations and technologies that shape future airports including advances in enhancing the passenger experience, airport traffic management, airport carbon-reduction and sustainability, digitalization, and Urban Air Mobility (UAM). The three-day dedicated airport industry platform welcomes participation by 140 exhibitors from 22 countries who will meet, network and do business with highly-qualified 150+ buyers from over 70 organisations from 30 countries. This year's Airport Show is opened in the wake of the Middle East and neighbouring regions experiencing a significant surge in airport expansion projects, driven by a robust recovery in global aviation and optimistic projections for passenger growth. With expectations to handle approximately 1.1 billion passengers annually by 2040 — up from 405 million in 2019 — the Middle East is investing heavily in infrastructure to meet this demand. HH Sheikh Ahmed remarked: 'Dubai's aviation sector is on a clear upward trajectory, driven by infrastructure expansion and the adoption of new technologies. As major contributors to our economy and global connectivity, both Dubai International (DXB) and Dubai World Central – Al Maktoum International (DWC) will continue to play a leading role in shaping the future of air travel through 2030s and beyond, delivering world-class performance and operational excellence. We remain firmly on our journey of progress, with many more milestones ahead in strengthening Dubai's global reputation. 'Since 2001, the Airport Show has had a long-standing presence in Dubai, and I am confident that this 24th edition will further support the growth of the regional aviation industry. I wish the organisers and participants every success as we look ahead to a landmark Silver Jubilee edition in 2026.' There are two conferences – Global Airport Leaders' Forum, and Women in Aviation Middle East Conference – co-located with 30+ sessions and 70+ aviation leaders and expert speakers. The 12th Global Airport Leader's Forum (GALF) designed to take forward the aviation knowledge-enhancement agenda with keynote speeches from Lt. Gen. Mohammed Ahmed Al Marri, Director General, General Directorate of Residency and Foreigners Affairs (GDRFA), HE Abdulla Al Shamsi, Director of Engineering, Dubai Aviation Engineering Projects (DAEP) and HE Ahmad Ali Belqaizi, Executive Director, Aviation Safety and Environment Sector, Dubai Civil Aviation Authority (DCAA). Also co-located is the Women in Aviation Middle East Chapter's Conference and Awards taking place on the third day of Airport Show. This year's new attractions include the GSE Zone, Airport Tech Pavilion, and Airport Design Hub. Being held under the patronage of His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority, Chairman of Dubai Airports, Chairman and Chief Executive of Emirates Airline and Group, Airport Show is organized by RX, a global company that organizes about 350 events across the world, to provide participants valuable insights into issues and technologies shaping the airports in the ever-evolving competitive global business landscape. The Airport Show is designed to serve the US$1 trillion airport development market in the Middle East, Africa and South Asia (MEASA) region. May Ismail, Event Manager at RX Middle East, said the Airport Show has been growing each passing year as it is tailored to the needs and requirements that the airports and related domains require. Through making the availability of futuristic products and services, the Airport Show continues to serve this progressive industry a great B2B platform.' Global technology majors are showcasing the latest innovative products and services that improve efficiency and performance of the aviation industry. Amel Chadli, President of Gulf Countries, Schneider Electric, said: 'We are proud to be the 'Technology Partner' for the Airport Show showcasing our latest integrated solutions for the aviation industry from facility management to passenger experience and how we help airports around the world reduce their environmental impact'. "Our presence at the Show reflects Schneider Electric's deep commitment to shaping the future of aviation through digitalization and electrification. As the aviation industry in the Middle East experiences unprecedented growth, our strategic objective is to empower airports to scale efficiently — with intelligent, secure, and resilient systems that elevate the passenger experience. WAISL, an aviation focused digital transformation company is a gold sponsor at Dubai Airport Show 2025. 'We're presenting AEROWISE — a Digital Twin-powered Airport Predictive Operations Centre (APOC) driving Total Airport Management, enabling real time and predictive decision making - with one single goal to drive operations transformation and efficiency, said Preetham Kamesh, Strategic Advisor & Acting Global Business Officer, WAISL Limited. Airport Show 2025 serves as a vital entry point to the thriving Middle East, Africa, and South Asia (MEASA) aviation market. It provides unmatched opportunities for networking, learning, and innovation as the region's leading industry gathering. Participants are benefited as they can make connections with international suppliers, discover the most recent breakthroughs, and acquire insightful knowledge from experts in the industry. Staged since 2001 with the aim to bring at the doorsteps of airports the newest technologies and innovations, the MEASA region's unparalleled B2B platform, has maintained its go-to destination status for experiencing and procuring newest innovations and trend-setting technologies that helps airports better the growing numbers of passengers and handling cargo effectively, efficiency, security, increase revenue, operations. Global air traffic is on strong growth tracks. In 2025, as per the ACI World, global passenger traffic will reach 9.9 billion while the ICAO projects global RPK to rise to 9.4 trillion. Global passenger traffic, according to an ACI World-ICAO Passenger Traffic Report, will exceed 12 billion by 2030. This year's event continues to enjoy the strong backing of key aviation authorities and organizations, supported by the Dubai Civil Aviation Authority, Dubai Airports, Dubai Aviation Engineering Projects, Emirates Airline and Group, dans and dnata. Leading industry players have also come on board as event partners and sponsors. Amadeus leads as the event's Strategic Partner, with Schneider Electric joining as Technology Partner. Gold Sponsor WAISL has joined sponsors Dubai Air Navigation Services (dans), Smiths Detection and ADB SAFEGATE. The ATC Forum benefits from the support of both Dubai Air Navigation Services (dans) and Global Air Navigation Services (GANS), while the Airport Security Forum is backed by Dubai Police and the National Guard. Additionally, Airport Show 2025 is collaborating with several leading associations, including the Women in Aviation Middle East Chapter, the Contractors Association, the Supply Chain and Logistics Group (SCLG), and the Dubai Airline Operators Committee (DAOC). The Middle East and Asia-Pacific are expected to account for 58 percent of global air passenger demand by 2040. By 2050, approximately 66.7 million Baby Boomers will travel by air in the Middle East. The Middle Eastern airports will require US$151 billion in investments by 2040 to handle an expected surge in passenger numbers. The Eastern airlines saw a 9.4 percent traffic rise in 2024 compared to 2023, with capacity increasing 8.4 percent and load factor rising to 80.8 percent. Ends About RX RX is a global leader in events and exhibitions, leveraging industry expertise, data, and technology to build businesses for individuals, communities, and organisations. With a presence in 25 countries across 41 industry sectors, RX hosts approximately 350 events annually. RX is committed to creating an inclusive work environment for all our people. RX empowers businesses to thrive by leveraging data-driven insights and digital solutions. RX is part of RELX, a global provider of information-based analytics and decision tools for professional and business customers. For more information, visit About RELX RELX is a global provider of information-based analytics and decision tools for professional and business customers. RELX serves customers in more than 180 countries and territories and has offices in about 40 countries. It employs more than 36,000 people over 40% of whom are in North America. The shares of RELX PLC, the parent company, are traded on the London, Amsterdam and New York stock exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX.
