ASUR Announces Agreement with Airlines

20th Nov 2003

PRNewswire-FirstCall MEXICO CITY Nov. 19 :

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.



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