Mexico airport operator OMA granted loans

One of Mexico’s top three private airport operators, OMA received loans worth 1.2bn pesos (US$61.8mn) from three banks to “capitalize the group’s subsidiaries, as well as for working capital and strengthening the company’s liquidity,” according to a statement.

In early December, French private airport operator Vinci Airports completed the acquisition of Fintech’s 29.99% share in OMA, making it the largest shareholder. The transaction, originally announced in July, totaled US$1.1bn and involved the Tecnología Aeroportuaria and Aerodrome Infrastructure subsidiaries.

“With this share in a company holding a concession that will mature in 25 years, Vinci Airports is moving into Mexico and, as OMA’s largest shareholder, it will contribute to operating 13 airports in a country with high growth potential,” Vinci said in a press release.

Vinci said Monterrey international airport in Nuevo León state, which accounts for half of OMA’s operations, has the biggest potential.

Five-year plan

OMA is implementing a five-year, 12bn-peso investment plan, as detailed by CEO Ricardo Dueñas.

The plan involves expansion and rehabilitation of 13 terminals and runways through 2025.

Highlights are the 4.2bn-peso Monterrey airport expansion, the first stage of which was completed in August, and the 635mn-peso expansion and remodeling of the Culiacán terminal in Sinaloa state, for which works started in May.