Last week, Grupo Aeroportuario del Centro Norte S.A. de C.V. (OMAB) announced a decrease of 12.4% in total passenger traffic for October, compared to the year-ago period.   Domestic passenger traffic decreased 11.6%, while international passenger traffic decreased 17% compared to October 2008.   The decline in domestic passenger traffic resulted mainly from the suspension of Aviacsa (suspended since July 6, 2009), the departure from the markets of Alma and Aladia, and a reduction in traffic on Interjet and Magnicharter. The Monterrey, Acapulco, and Ciudad Juarez airports also had the largest traffic reductions.   International traffic decreased principally because of the cancellation of international routes by Continental, Grupo Aeromexico, and Alaska Airlines, in addition to the suspension of Aviacsa. The Monterrey, Mazatlan, Acapulco, and San Luis Potosi airports were the most affected.   Airlines all over the world are facing difficulties, primarily due to the collapse of the ...

Earlier this week, Grupo Aeroportuario del Centro Norte (OMAB) reported encouraging results for the third quarter of 2009.  With the occurrence of swine flu in the Mexico City Airport Terminal 2 Hotel during the quarter, the company took a decisive step in the development of additional sources of non-aeronautical revenues. Total revenues were higher than the three previous quarters, in part as a result of initiatives to preserve aeronautical revenues.  In addition, Grupo Aeroportuario continued to implement cost control measures. These actions contributed to offsetting most of the impact of lower traffic volumes on revenues and to an increase in adjusted EBITDA of 2.6% as compared to the third quarter of 2008, with an adjusted EBITDA margin of 54.0%.  Passenger traffic decreased 15.4% to 3.0 million. Domestic traffic decreased 13.8% and international traffic decreased 25.0%. The suspension of Aviacsa operations since Jul 6, 2009, was ...

AMB Property Corp. (AMB), a leading real estate investment trust (REIT), has recently signed leasing agreements for approximately 271,000 square feet in Mexico, signifying the probable redemption of investor confidence across the country. About 118,000 square feet were leased in Monterrey in northeast Mexico by Arauco Distribucion Mexico, the Mexican subsidiary of Arauco – a wood pulp and forestry enterprise in Chile. As part of its expansion strategy in the Latin American markets, Arauco also leased 120,000 square feet of space in Guadalajara in the western Pacific area of Mexico. Besides the Arauco leases, AMB had leased 33,000 square feet in Monterrey to a premier logistics company in the country. With the lease, AMB has strengthened its competitive position in the market. In addition, the company has strategically partnered with a single partner in multiple locations in order to increase its flexibility and enhance operational efficiency....

Early last week, Mexican airport operator, Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB), reported terminal passenger traffic at its 13 airports during August 2009.  Total passenger traffic decreased 12.9% year over year in the month. Domestic traffic decreased 11.0%, and international traffic decreased 24.1%. However, total passenger traffic volumes decreased at a slower rate than during any prior month of the year. This effect is principally the result of the improvement in domestic traffic.  The performance of airlines such as VivaAerobus, Grupo Aeromexico, Aeromar, and Grupo Mexicana benefited domestic traffic. Three domestic routes were opened: Mexicana Link opened the Acapulco-Guadalajara and Guadalajara-Mazatlan-San Jose del Cabo routes on August 1, and Aeromexico Connect opened the Zacatecas-Mexico City route on August 11.  The Culiacan, Durango, and Mazatlan airports reported traffic growth of 15.7%, 23.2%, and 2.6% respectively. However, the overall volume of domestic traffic was ...

 

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Wednesday September 9, 2009

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MONTERREY, Mexico–(CRWENEWSWIRE)– CEMEX, S.A.B. de C.V. (NYSE: CX) celebrated its ten-year anniversary as a public company listed in the New York Stock Exchange on September 9, 2009. To commemorate this milestone, Lorenzo H. Zambrano, chairman and chief executive officer of CEMEX, senior management and employees rang the ceremonial NYSE Opening

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Wednesday August 19, 2009

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VirtualHealth Technologies, Inc. (OTC Bulletin Board: VHGI) announced today that it has filed its 8k in relation to the announcement made earlier this week on August 17th regarding the payment received from Private Access of $100,000 for interest and restructuring fees as well as VHGI’s agreement to revise the terms of its $1,500,000 note with Private Access. For complete details of the August 17th release please go to http://www.virtualhealthtechnologies.com/news.html

Valley National Bancorp (NYSE:VLY) (”Valley”), the holding company for Valley National Bank, announced today that a common stock cash dividend of $0.19 per share will be paid October 1, 2009 to shareholders of record

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Auto parts supplier ArvinMeritor Inc. (ARM) recently entered into a strategic partnership with Yutong Group Co. of China.

ArvinMeritor will provide parts and components of power transmission and basic braking systems to Yutong for the production of Yutong buses and chassis. Under the agreement, in addition to continually providing high-end axle products to Yutong, ArvinMeritor will also offer differential carriers and brake calipers made in its production plant in Wuxi, China, for application in Yutong’s self-made axles.

The final product will be assembled at Yutong's plant in Zhenzhou, China. As part of this partnership, ArvinMeritor and Yutong will also sell and distribute standard aftermarket service kits for its products.

The project will commence at the end of 2009 and the investment is expected to exceed $50 million in the next five years. Meanwhile, both parties will also further strengthen the cooperation in a wider area.

ArvinMeritor expects the alliance to consolidate its

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