TAV Airports Holding

- 07.05

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TAV Airports Holding (Tepe Akfen Vie) (Turkish: TAV Havalimanlar? Holding A.?.) was established as a joint venture between Tepe and Akfen groups and Airport Consulting Vienna in 1997. TAV Airports is the leading airport operator in Turkey as per the DHMI 2010 passenger statistics including transfer passengers.


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History

In October 2011 TAV Airports was put for sale for EUR2 billion, with Crédit Suisse handling the bid process. 5 months later, on March 12th 2012, TAV announced the planned sale of 38% of the firm's issued share capital to the group Aéroports de Paris for a total consideration of 874 million USD. The sale value was determined based on the 32% premium of the company's latest closing price. The two companies provide service for 180 million passengers at 37 airports in total. Chairman Hamdi Ak?n and CEO Sani ?ener continued in their positions.

In January 2015, TAV Airports won the bid on the $1.1 billion project to increase Bahrain International Airport's capacity from 4 to 14 million, with a 51-month engagement to build it. In October 2015, TAV Airports won with the bid price of EUR717 million the 20-year lease of the Milas-Bodrum Airport. In the USA, TAV made an entry by winning the bid for the duty-free areas of the George Bush Intercontinental Airport.

In January 2016, the CEO of TAV Airports Holding, Sani Seder, announced its intention to penetrate the Iranian market. As of August 2016, TVA Airports was in negotiation with the Cuban government to create a consortium along with the French company Bouygues for the expansion and management of La Havana's José Martí International Airport. The deal would also include the development of the San Antonio de los Baños Airport.


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The firm operates Istanbul Atatürk Airport (one of the busiest in Europe), Ankara Esenbo?a Airport Domestic and International Terminals, Izmir Adnan Menderes Airport International Terminal and Antalya Gazipa?a Airport in Turkey, Tbilisi Airport and Batumi International Airport in Georgia, Monastir Habib Bourguiba International Airport and the Enfidha - Hammamet International Airport in Tunisia, Skopje "Alexander the Great" Airport and Ohrid "St. Paul the Apostle" International Airport in the Republic of Macedonia.

TAV engages in other branches of airport operations as well: duty-free sales, food and beverage services, ground handling services, information technologies, security, and operation services. Its airports serve approximately 420K flights and 48 million passengers on average per year.

In 2010, 55% of the firm's consolidated revenues were non-aviational. It generated 753 million Euro consolidated revenues. The company shares are listed in the Istanbul Stock Exchange since February 23, 2007, under the name of "TAVHL".


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Airports operated

As of July 2017, TAV operates the following airports:

  • Zagreb Franjo Tu?man Airport
  • Batumi International Airport
  • Tbilisi International Airport
  • Riga International Airport
  • Ohrid "St. Paul the Apostle" Airport
  • Skopje "Alexander the Great" Airport
  • Hail Airport
  • Medina Airport
  • Qassim Airport
  • Yanbu Airport
  • Enfidha - Hammamet International Airport
  • Monastir Habib Bourguiba International Airport
  • Ankara Esenbo?a International Airport
  • Alanya Gazipa?a Airport
  • Izmir Adnan Menderes Airport
  • Istanbul Atatürk Airport (best airport, Air Transport News Awards 2016, 61.8 million passengers in 2015)
  • Milas-Bodrum Airport

Source of the article : Wikipedia



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