Grupo Aeroportuario del Sureste (ASUR) announced (03-Aug-2010) it has filed a registration statement with the US Securities and Exchange Commission for a proposed secondary equity offering of Series B shares, directly or in the form of American Depositary Shares (ADSs) by JMEX BV. The Series B shares being sold, including the over-allotment option, represent approximately 16.0% of ASUR’s total equity. A total of 43.6 million B shares, directly or in the form of ADSs, are expected to be offered for sale. The underwriters have an option to purchase 4.4 million additional B shares from JMEX to cover over-allotments. All proceeds from the sale will go to JMEX, an investment vehicle controlled by MAp Airports International Ltd. [more]
ASUR files registration statement for secondary equity offering
You may also be interested in the following articles...
Interjet’s international passengers soar with new US transborder push against Mexican and US rivals
International passenger numbers for the Mexican low cost airline Interjet skyrocketed more than 50% in the first seven months of 2016, reflecting the launch of more than 10 new international routes during that period, and with US transborder routes representing the bulk of Interjet’s international expansion.
Interjet is no doubt positioning itself to seize on opportunities created by a new, finalised bilateral between the US and Mexico that lifts restrictions on the number of airlines operating on specific routes between the two countries. Interjet’s rival Volaris has also grown its US transborder passengers in 2016, but it has a different route profile from that of Interjet. Generally, Interjet is subject to higher levels of competition on some of its transborder routes than Volaris, given that Interjet and Volaris offer different products to their passengers.
During the past two to three years Interjet and Volaris have been essentially tied for the coveted position of Mexico’s second largest domestic airline. But for the seven months ending Jul-2017 Volaris logged 22% domestic passenger growth, while Interjet’s passenger numbers inched down slightly, resulting in Volaris assuming full command of the second place ranking.
Houston airports: efforts to weather oil sector downturn rewarded. International traffic grows
Airports in the US energy capital of Houston appear to be effectively weathering the downturn in that business sector due, in part, to a diversification scheme undertaken three to four years ago. This scheme was designed to shore up the number of foreign airlines serving the area’s largest airport – Houston Intercontinental. International passenger growth at the airport has helped to alleviate some of the pressure created by fewer domestic connecting passengers from its biggest operator United.
Houston Hobby is also posting solid growth, partially attributable to new transborder services that Southwest started up from a new international terminal at the airport in late 2015. The new service has helped to sustain overall passenger growth of 1.3% in the Houston area for 1H2016. For the first five months of 2016 Hobby recorded 10% passenger growth year-on-year.
With two airports offering commercial service for the metro area Houston has a unique operating profile. Southwest’s dominance at Hobby and Frontier, and Spirit’s operations at Intercontinental, also ensure a solid mix of full service and low cost airlines.