##### 



Macquarie Infrastructure Company LLC
    
    EXHIBIT 99.2
 
 Media Release
    
    (MACQUARIE LOGO)
 MACQUARIE INFRASTRUCTURE COMPANY REPORTS
 THIRD QUARTER 2005 FINANCIAL RESULTS
 New York, NY  November 14, 2005
 th
     
    
    Consolidated revenue of $79.9 million  a 35.2% increase over 3Q04;
    
    Consolidated net income of $1.3 million or $0.05 per share;
    
    Cash from operations of $15.9 million or $0.59 cents per share;




---



##### 




    
    EBITDA (earnings before interest, taxes, depreciation and amortization) of $15.7
million or $0.58 per share;
    
    The Company successfully completed the acquisition of an FBO by its airport services
business and made the payment of a deposit in connection with its proposed acquisition of
The Gas Company which resulted in cash and cash equivalents at quarter end decreasing to
$43.5 million from $120.3 million at June 30, 2005.




---



##### 



($ Millions)Cash from operations
    
    $
    36.7Additional cash itemsChanges in Working Capital
    
    
    0.9Maintenance CAPEX
    
    
    -2.6Net cash receipts, Aladdin settlement
    
    
    0.7Principal payments
    
    
    -1.2Prior year dividend
    
    
    1.7Unsuccessful acquisition bid
    
    
    1.7YLL principal payment received
    
    
    0.9Sub Total
    
    
    38.9AdjustmentsBase management fees
    
    
    -2.4GAH acquisition costs
    
    
    0.9Investment
distRibution annualization
    
    
    0.4Maintenance CAPEX annualization
    
    
    -0.6Sub Total
    
    
    -1.7Estimated Cash Available for Distribution
    
    $
    37.1
 
    
    Additional cash items and adjustments reflect the following:
 
    
    Normalization of working capital changes including MCG dividend
accrued in 2004 and received in 2005;
    
    Due diligence costs related to unsuccessful acquisition bid;
    
    Base management fees to the Companys manager that are paid in arrears;
    
    General Aviation Holdings (GAH) acquisition costs in first quarter
income statement data that were funded from IPO proceeds;
    
    Expected annual distributions from investments of $21.7 million, up
from $21.3 million, and of which $15.9 million has been received year to date;
    
    Expected maintenance capex of $5.5 million annually, up slightly from
$5.2 million, funded from operating cash flow, but not spent evenly throughout the
year.




---



##### 



AIRPORT SERVICES
 Sept
    
    
    Sept
    
    
    Quarter onQuarter
    
    
    Quarter
    
    
    Quarter
    
    
    9 Months
    
    
    9 Months
    
    
    Year on Year($ in Millions)
    
    2005
    
    
    2004
    
    
    Growth %
    
    
    2005
    
    
    2004
    
    
    Growth %RevenueFuel
    
    
    36.3
    
    
    
    25.1
    
    
    
    44.4
    %
    
    
    100.9
    
    
    
    75.0
    
    
    
    34.5
    %Non Fuel
    
    
    13.4
    
    
    
    9.0
    
    
    
    48.3
    %
    
    
    40.5
    
    
    
    30.5
    
    
    
    33.0
    %Total Revenue
    
    
    49.7
    
    
    
    34.2
    
    
    
    45.5
    %
    
    
    141.4
    
    
    
    105.5
    
    
    
    34.1
    %EBITDA
    
    
    10.4
    
    
    
    3.5
    
    
    
    197.0
    %
    
    
    29.8
    
    
    
    13.9
    
    
    
    114.7
    %
 For a reconciliation of segment Net Income to EBITDA, please see our report on Form 10-Q
  
    
    Contribution of positive operating results from two new FBOs (GAH) in California
acquired in January 2005 and one FBO in Las Vegas acquired in August 2005
    
    Higher average dollar per gallon fuel margins at existing locations
    
    Fuel volume generally flat year over year
    
    Continued increase in fuel prices
    
    Higher rental income from new hangers
    
    No significant effect on our results from recent hurricanes
    
    High 2005 first quarter de-icing revenues




---



##### 



AIRPORT PARKING
 Sept
    
    
    Sept
    
    
    Quarter onQuarter
    
    
    Quarter
    
    
    Quarter
    
    
    9 Months
    
    
    9 Months
    
    
    Year on Year($ in Millions)
    
    2005
    
    
    2004
    
    
    Growth %
    
    
    2005
    
    
    2004
    
    
    Growth %Revenue
    
    
    14.5
    
    
    
    12.9
    
    
    
    11.9
    %
    
    
    42.0
    
    
    
    38.0
    
    
    
    10.5
    %EBITDA
    
    
    3.2
    
    
    
    2.8
    
    
    
    15.1
    %
    
    
    9.4
    
    
    
    9.3
    
    
    
    0.8
    %EBITDA Margin
    
    
    21.9
    %
    
    
    21.3
    %
    
    
    2.9
    %
    
    
    22.3
    %
    
    
    24.5
    %
    
    
    -8.8
    %
 For a reconciliation of segment Net Income to EBITDA, please see our report on Form 10-Q
  
    
    An increase in cars out at comparable locations plus revenue at new locations
    
    Reduced discounting and promotional activity contributed to the 1.5% increase in
average revenue per car out for comparable locations during the quarter
    
    Higher EBITDA reflects better operating margins at our comparable locations and lower
start up costs related to new locations




---



##### 



DISTRICT ENERGY
 Sept
    
    
    Sept
    
    
    Quarter onQuarter
    
    
    Quarter
    
    
    Quarter
    
    
    9 Months
    
    
    9 Months
    
    
    Year on Year($ in Millions)
    
    2005
    
    
    2004
    
    
    Growth %
    
    
    2005
    
    
    2004
    
    
    Growth %RevenueCapacity
    
    
    4.2
    
    
    
    4.1
    
    
    
    2.0
    %
    
    
    12.4
    
    
    
    12.2
    
    
    
    1.1
    %Consumption
    
    
    9.8
    
    
    
    7.3
    
    
    
    33.4
    %
    
    
    16.8
    
    
    
    12.8
    
    
    
    31.3
    %Lease and Other
    
    
    1.8
    
    
    
    0.6
    
    
    
    209.0
    %
    
    
    5.5
    
    
    
    1.8
    
    
    
    214.3
    %Total Revenue
    
    
    15.8
    
    
    
    12.0
    
    
    
    31.3
    %
    
    
    34.7
    
    
    
    26.8
    
    
    
    29.6
    %EBITDA
    
    
    5.9
    
    
    
    4.2
    
    
    
    41.2
    %
    
    
    13.2
    
    
    
    10.6
    
    
    
    24.0
    %EBITDA Margin
    
    
    37.2
    %
    
    
    34.6
    %
    
    
    7.6
    %
    
    
    38.0
    %
    
    
    39.7
    %
    
    
    -4.3
    %
 For a reconciliation of segment Net Income to EBITDA, please see our report on Form 10-Q
  
    
    Capacity revenue generally increased in-line with inflation
    
    Consumption ton-hours sold were higher primarily due to above average temperature in
Chicago from June to September
    
    EBITDA was higher due to the incremental margin from additional consumption ton-hours
sold




---



##### 




    
    The Company recorded a net $2.0 million as its share of the earnings of the Yorkshire Link
    
    Cash distributions for the full year 2005 are expected to be approximately $9.6 million
including receipt of a one-time debt reserve release of $1.9 million. The Company has
received cash distributions totalling $7.7 million year to date.
   
    
    MCG declared a cash distribution of Australian Dollar 14.6 cents per stapled security
on June 20, 2005 for the 6 month period ended June 30, 2005  the Company received $1.9
million net of withholding taxes in mid-August
    
    Cash distributions for the full year 2005 are expected to be approximately $3.6 million
net of withholding taxes
  
    
    As expected, the Company received no distributions from its investment in SEW during
the third quarter of 2005
    
    For the full year 2005 the Company expects to receive dividends of approximately $8.5
million relating to its investment in SEW
    
    Included in the expected dividends is a non-recurring component of approximately $2.6
million
  The Company has scheduled a conference call for 11:00 a.m. Eastern Daylight Time on November 14,
2005, to review the Companys results.To listen to the conference call, please dial +1(800) 289-0572 (domestic) or +1(913) 981-5543
(international), at least 10 minutes prior to the scheduled start time. Interested parties can
also listen to the live call, which will be webcast at the Company website, www.macquarie.com/mic.
Please allow extra time prior to the call to visit the site and download the necessary software to
listen to the Internet broadcast.For interested individuals unable to join the conference call, a replay will be available through
November 30, 2005, at +1(888) 203-1112 (domestic) or +1(719) 457-0820 (international), Passcode:
6394723. An online archive of the webcast will be available on the Companys website for one year
following the call.
  Macquarie Infrastructure Company owns, operates and invests in a diversified group of
infrastructure businesses, which provide basic, everyday services, in the United States and other
developed countries. Its businesses and investments consist of an airport services business
(Atlantic and AvPorts), an airport parking business (PCAA and Avistar), a district energy business
(Thermal Chicago and Northwind Aladdin), a 50% interest in the company that operates the Yorkshire
Link shadow toll road and investments in South East Water, a UK regulated water utility and in
Macquarie Communications Infrastructure Group.




---



##### 



Investor enquiries
    
    Media enquiriesJay A. Davis
    
    Alex DoughtyInvestor Relations
    
    Corporate CommunicationsMacquarie Infrastructure Company
    
    Macquarie Infrastructure Company(212) 231-1825
    
    (212) 231-1710




---



##### 



September 30,
    
    
    December 31,2005
    
    
    2004(unaudited)AssetsCurrent assets:Cash and cash equivalents
    
    $
    43,497
    
    
    
    140,050Restricted cash
    
    
    1,113
    
    
    
    1,155Accounts receivable, less allowance for doubtful accounts of $845 and $1,359
    
    
    21,228
    
    
    
    12,312Dividend receivable
    
    
    
    
    
    
    1,743Inventories
    
    
    2,104
    
    
    
    1,563Prepaid expenses
    
    
    4,946
    
    
    
    4,186Deferred income taxes
    
    
    1,622
    
    
    
    1,452Other
    
    
    3,981
    
    
    
    5,308Total current assets
    
    
    78,491
    
    
    
    167,769Property, equipment, land and leasehold improvements, net
    
    
    311,296
    
    
    
    284,744Other assets:Restricted cash
    
    
    17,293
    
    
    
    16,790Equipment lease receivables
    
    
    44,092
    
    
    
    45,395Investment in unconsolidated business
    
    
    70,039
    
    
    
    79,065Investment, cost
    
    
    36,338
    
    
    
    39,369Securities, available for sale
    
    
    74,862
    
    
    
    71,263Related party subordinated loan
    
    
    20,043
    
    
    
    21,748Goodwill
    
    
    234,931
    
    
    
    217,576Intangible assets, net
    
    
    310,509
    
    
    
    254,530Deposits and deferred costs on acquisition
    
    
    15,429
    
    
    
    Fair value of derivative instruments
    
    
    4,923
    
    
    
    724Other
    
    
    9,971
    
    
    
    9,514Total assets
    
    $
    1,228,217
    
    
    
    1,208,487Liabilities and stockholders equityCurrent liabilities:Due to manager
    
    $
    2,644
    
    
    
    12,306Accounts payable
    
    
    13,203
    
    
    
    10,912Accrued expenses
    
    
    13,603
    
    
    
    11,980Current portion of capital leases and notes payable
    
    
    2,067
    
    
    
    1,242Current portion of long-term debt
    
    
    97
    
    
    
    94Other
    
    
    4,063
    
    
    
    2,991Total current liabilities
    
    
    35,677
    
    
    
    39,525Capital leases and notes payable, net of current portion
    
    
    2,104
    
    
    
    1,755Long-term debt, net of current portion
    
    
    449,244
    
    
    
    415,074Related party long-term debt
    
    
    18,533
    
    
    
    19,278Deferred income taxes
    
    
    123,204
    
    
    
    123,429Fair value of derivative instruments
    
    
    1,325
    
    
    
    286Other
    
    
    5,616
    
    
    
    4,329Total liabilities
    
    
    635,703
    
    
    
    603,676Minority interests
    
    
    9,107
    
    
    
    8,515Stockholders equity:Trust stock, no par value; 500,000,000 shares authorized; 27,050,745 shares
issued and outstanding, at September 30, 2005, 26,610,100 shares issued and
outstanding at December 31, 2004
    
    
    596,548
    
    
    
    613,265Accumulated other comprehensive (loss) income
    
    
    (2,412
    )
    
    
    619Accumulated deficit
    
    
    (10,729
    )
    
    
    (17,588
    )Total stockholders equity
    
    
    583,407
    
    
    
    596,296Total liabilities and stockholders equity
    
    $
    1,228,217
    
    
    $
    1,208,487




---



##### 



MACQUARIE INFRASTRUCTURE COMPANY TRUST
 Period FromNine Months
    
    
    April 13, 2004Quarter Ended
    
    
    Quarter Ended
    
    
    Ended
    
    
    (inception)September 30,
    
    
    September 30,
    
    
    September 30,
    
    
    September 30,2005
    
    
    2004
    
    
    2005
    
    
    2004RevenueRevenue from fuel sales
    
    $
    36,298
    
    
    $
    
    
    
    $
    100,928
    
    
    $
    Service revenue
    
    
    42,317
    
    
    
    
    
    
    
    113,268
    
    
    
    Financing and equipment lease income
    
    
    1,320
    
    
    
    
    
    
    
    3,993
    
    
    
    79,935
    
    
    
    
    
    
    
    218,189
    
    
    
    Costs and expensesCost of fuel sales
    
    
    21,631
    
    
    
    
    
    
    
    58,434
    
    
    
    Cost of services
    
    
    22,997
    
    
    
    
    
    
    
    59,973
    
    
    
    Selling, general and administrative expenses
    
    
    21,243
    
    
    
    2,023
    
    
    
    59,147
    
    
    
    4,604Fees to manager
    
    
    2,609
    
    
    
    
    
    
    
    6,761
    
    
    
    Depreciation
    
    
    1,506
    
    
    
    
    
    
    
    4,253
    
    
    
    Amortization of intangibles
    
    
    3,498
    
    
    
    
    
    
    
    9,818
    
    
    
    Operating income (loss)
    
    
    6,451
    
    
    
    (2,023
    )
    
    
    19,803
    
    
    
    (4,604
    )Other income (expense)Dividend income
    
    
    116
    
    
    
    
    
    
    
    6,300
    
    
    
    Interest income
    
    
    893
    
    
    
    
    
    
    
    3,252
    
    
    
    Interest expense
    
    
    (8,034
    )
    
    
    
    
    
    
    (23,303
    )
    
    
    Equity in earnings and amortization charges of investee
    
    
    1,954
    
    
    
    
    
    
    
    2,468
    
    
    
    Other income (expense), net
    
    
    122
    
    
    
    
    
    
    
    (533
    )
    
    
    Net income (loss) before income taxes and minority interests
    
    
    1,502
    
    
    
    (2,023
    )
    
    
    7,987
    
    
    
    (4,604
    )Income tax expense
    
    
    220
    
    
    
    
    
    
    
    799
    
    
    
    Net income (loss) before minority interests
    
    
    1,282
    
    
    
    (2,023
    )
    
    
    7,188
    
    
    
    (4,604
    )Minority interests
    
    
    (24
    )
    
    
    
    
    
    
    329
    
    
    
    Net income (loss)
    
    $
    1,306
    
    
    $
    (2,023
    )
    
    $
    6,859
    
    
    $
    (4,604
    )Basic earnings (loss) per share:
    
    $
    0.05
    
    
    $
    (20,230
    )
    
    $
    0.26
    
    
    $
    (46,040
    )Weighted average number of shares of trust stock outstanding: basic
    
    
    27,050,745
    
    
    
    100
    
    
    
    26,875,416
    
    
    
    100Diluted earnings (loss) per share:
    
    $
    0.05
    
    
    $
    (20,230
    )
    
    $
    0.25
    
    
    $
    (46,040
    )Weighted average number of shares of trust stock outstanding: diluted
    
    
    27,108,789
    
    
    
    100
    
    
    
    26,902,843
    
    
    
    100Cash dividends declared per share
    
    $
    0.50
    
    
    $
    
    
    
    $
    1.0877
    
    
    $
    




---



##### 



Period From April13, 2004 (inception)Nine Months Ended
    
    
    September 30,September 30, 2005
    
    
    2004Operating activitiesNet income (loss)
    
    $
    6,859
    
    
    $
    (4,604
    )Adjustments to reconcile net income (loss) to net cash provided by operating activities:
    
    
    
    
    
    
    Depreciation and amortization of property and equipment
    
    
    10,123
    
    
    
    Amortization of intangible assets
    
    
    9,818
    
    
    
    Loss on disposal of equipment
    
    
    16Equity in earnings and amortization charges of investee
    
    
    2,970
    
    
    
    Amortization of finance costs
    
    
    851
    
    
    
    Deferred rent
    
    
    1,742
    
    
    
    Deferred revenue
    
    
    93
    
    
    
    Equipment lease receivable
    
    
    1,256
    
    
    
    Minority interests
    
    
    329
    
    
    
    Noncash compensation
    
    
    266
    
    
    
    Other noncash expenses, net
    
    
    108
    
    
    
    Accrued interest expense on subordinated debt-related party
    
    
    757
    
    
    
    Accrued interest income on subordinated debt-related party
    
    
    
    
    
    
    Changes in current assets and liabilities, net of acquisition:Accounts receivable
    
    
    (6,713
    )
    
    
    Inventories
    
    
    (302
    )
    
    
    Prepaid expenses and other current assets
    
    
    530
    
    
    
    Accounts payable and accrued expenses
    
    
    3,486
    
    
    
    Due to manager
    
    
    2,426
    
    
    
    985Due to Parent
    
    
    
    
    
    
    3,619Other
    
    
    2,078
    
    
    
    Net cash provided by operating activities
    
    
    36,693
    
    
    
    Investing activitiesAcquisition of businesses and investments, net of cash acquired
    
    
    (109,746
    )
    
    
    Deposits and deferred costs on future acquisitions
    
    
    (15,429
    )Goodwill adjustment
    
    
    694
    
    
    
    Purchases of property and equipment
    
    
    (7,502
    )
    
    
    Principal proceeds from subordinated loan
    
    
    914
    
    
    
    Net cash used in investing activities
    
    
    (131,069
    )
    
    
    Financing activitiesProceeds from debt
    
    
    32,000
    
    
    
    Proceeds from line of credit facility
    
    
    700
    
    
    
    Contributions received from minority shareholders
    
    
    1,553
    
    
    
    Distributions paid to shareholders
    
    
    (29,423
    )
    
    
    Debt financing costs
    
    
    (1,674
    )
    
    
    Distributions paid to minority shareholders
    
    
    (1,289
    )
    
    
    Payment of long-term debt
    
    
    (81
    )
    
    
    Offering costs paid
    
    
    (1,934
    )
    
    
    Change in restricted cash
    
    
    (551
    )
    
    
    Payment of notes and capital lease obligations
    
    
    (1,105
    )
    
    
    Net cash used in financing activities
    
    
    (1,804
    )Effect of exchange rate changes on cash
    
    
    (373
    )
    
    
    Net change in cash and cash equivalents
    
    
    (96,553
    )
    
    
    Cash and cash equivalents at beginning of period
    
    
    140,050
    
    
    
    Cash and cash equivalents at end of period
    
    $
    43,497
    
    
    $Supplemental disclosures of cash flow information:Income taxes paid
    
    $
    2,060
    
    
    $
    Interest paid
    
    $
    21,757
    
    
    $
    Acquisition of property and equipment under capital leases
    
    $
    1,699
    
    
    $
    




---



##### 



Nine Months
    
    
    April 13, 2004Quarter Ended
    
    
    Quarter Ended
    
    
    Ended
    
    
    (inception)September 30,
    
    
    September 30,
    
    
    September 30,
    
    
    September 30,2005
    
    
    2004
    
    
    2005
    
    
    2004Net income (loss)
    
    $
    1,306
    
    
    $
    (2,023
    )
    
    $
    6,859
    
    
    $
    (4,604
    )Interest expense, net
    
    
    7,141
    
    
    
    
    
    
    
    20,051
    
    
    
    Income taxes
    
    
    220
    
    
    
    
    
    
    
    799
    
    
    
    Depreciation (1)
    
    
    3,491
    
    
    
    
    
    
    
    10,123
    
    
    
    Amortization (2)
    
    
    3,498
    
    
    
    
    
    
    
    9,818
    
    
    
    EBITDA
    
    $
    15,656
    
    
    $
    (2,023
    )
    
    $
    47,650
    
    
    $
    (4,604
    )
 
 (1)
    
    Includes depreciation expense of $2.0 million for the quarter ended September 30, 2005 and
$5.9 million for the nine months ended September 30, 2005 for the airport parking business and
the district energy business which is included in cost of services on our consolidated
condensed statement of operations.(2)
    
    Does not include $1.2 million and $3.6 million of amortization expense related to intangible
assets in connection with our acquisition of our toll road business for the quarter and the
nine months ended September 30, 2005, respectively.