ASUR Announces
Agreement with Airlines
Mexico City, November 19, 2003,
Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE: ASR; BMV: ASUR) (ASUR) today
announced it has signed an agreement with the airlines which effectively resolves the
disputes between the parties. This agreement marks the beginning of a new era in the
relationship between ASUR and its airline customers.
Among other terms negotiated among the
parties, ASUR will reduce fees on airport services to the airlines, with the exception of
security, by an average of 11%. Furthermore, ASUR will extend the payment term for
passenger fees from 60 to 115 days for those airlines willing to present a payment
guarantee acceptable to ASUR. In addition, ASUR and the Airlines have adjusted the
calculation of the extended time period fees as well as airport parking fees. ASUR and the
Airlines have also reached an agreement on the terms of the new contracts for passenger
fees, airport services and lease contracts.
ASUR management believes that the
financial impact of the discounts and other concessions given to the Airlines in this
agreement will be more than offset by this new positive working relationship between the
Company and the Airlines. The Airlines and ASUR have aligned their long-term objectives of
bringing more passengers to southeast Mexico and providing world-class services.
Kjeld Binger, President and Interim
CEO of ASUR, said: It is important to recognize that the negotiations have been held
in a professional and cordial manner, which proves that this is the beginning of a new
business relationship to the benefit of both parties. I believe both sides can be proud of
their negotiation teams. ASUR is very happy to have reached this agreement with the
Airlines and believes that this is a mutually beneficial agreement.
The Mexican Government, through the
Ministry for Communications and Transport, has monitored the negotiations, however direct
intervention by the government was unnecessary in order to reach the final settlement. The
signing ceremony for the agreement between ASUR and the Airlines took place at the offices
of the Ministry of Communications and Transport.
About ASUR:
Grupo Aeroportuario del Sureste, S.A.
de C.V. (ASUR) is a Mexican airport operator with concessions to operate, maintain and
develop the airports of Cancun, Merida, Cozumel, Villahermosa, Oaxaca, Veracruz, Huatulco,
Tapachula and Minatitlan in the southeast of Mexico. The Company is listed both on the
Mexican Bolsa, where it trades under the symbol ASUR, and on the NYSE in the U.S., where
it trades under the symbol ASR. One ADS represents ten (10) series B shares.
ENDS
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
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