LAWA APPOINTS KARL PAN CHIEF FINANCIAL OFFICER

(Los Angeles, California -- May 9, 2006) Los Angeles World Airports (LAWA) has announced the appointment of Karl Pan as its deputy executive director of finance and chief financial officer.

Pan brings 29 years of domestic and international finance experience in commercial lending, risk management, operating and capital planning and economic resources allocation to the post. He has been the Acting Chief Financial Officer at LAWA since September of 2005. In addition, Pan has served as financial manager of the LAWA Debt and Treasury Management Division since January 2004 where his responsibilities included overseeing debt management, rates and charges and capital programs. He also oversaw LAWA’s grant and passenger facilities charge activities.

Prior to his position with LAWA, Pan served as an executive vice president at the Bank of Hawaii where he was on the management committee and in charge of the bank’s global market. His responsibilities included the oversight of over 40 branches across the Asia-Pacific region, an operating budget of $90 million, and management of close to $5 billion in assets. He also previously worked for Chemical Bank in New York and the Bank of China in Los Angeles.

Pan earned his master's in business administration in finance from UCLA.