TAV Airports Holding

TAV Airports Holding
TAV Havalimanlari Holding A.Ş.
Anonim şirket
Traded as BİST: TAVHL
Industry Aviation
Founded 1997
Headquarters Istanbul, Turkey
Area served
 DHMI
Key people
Services Air Traffic Control, Airport management
Owner Paris Aéroport (38%)
Number of employees
 18,768
Website www.tavhavalimanlari.com.tr

TAV Airports Holding (Tepe Akfen Vie) (Turkish: TAV Havalimanları Holding A.Ş.) 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.

History

In October 2011 TAV Airports was put for sale for €2 billion, with Crédit Suisse handling the bid process.[1] 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.[2] Chairman Hamdi Akın and CEO Sani Şener continued in their positions.[3][4]

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.[5] In October 2015, TAV Airports won with the bid price of €717 million the 20-year lease of the Milas–Bodrum Airport.[6] In the USA, TAV made an entry by winning the bid for the duty free areas of the George Bush Intercontinental Airport.[6]

In January 2016, the CEO of TAV Airports Holding, Sani Seder, announced its intention to penetrate the Iranian market.[7] 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.[8][9]

Activities

The firm operates Istanbul Atatürk Airport (one of the busiest in Europe), Ankara Esenboğa Airport Domestic and International Terminals, Izmir Adnan Menderes Airport International Terminal and Antalya Gazipaşa 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.[10][11]

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.[12] The company shares are listed in the Istanbul Stock Exchange since February 23, 2007, under the name of "TAVHL".[13]

Airports operated[14]

 Croatia
 Georgia
 Latvia
 Macedonia
 Saudi Arabia
 Tunisia
 Turkey

References

  1. ↑ Helia Ebrahimi; Garry White (29 October 2011). "TAV Airports goes on the market for £1.75bn". Telegraph.co.uk. Retrieved 18 November 2016.
  2. ↑ "Aeroports de Paris to Buy 38% of Turkey Airport Operator TAV". Bloomberg Businessweek. 2012-03-12. Retrieved 2013-09-12.
  3. ↑ Sarıbaş, Şermin (2005-08-21). "Türkiye'nin liman patronu". Hürriyet (in Turkish). Retrieved 2013-09-12.
  4. ↑ "Airport opeator TAV sets sail for overseas". Hürriyet Daily News. 2013-06-13. Retrieved 2013-09-12.
  5. ↑ "Turkey's TAV wins $1.1 bln airport project in Bahrain". Hurriyetdailynews.com. 25 January 2016. Retrieved 18 November 2016.
  6. 1 2 Paul Hogan (14 December 2015). ""We are a global company and there is scope for TAV's enterprise everywhere"". Airport-business.com. Retrieved 10 April 2016.
  7. ↑ "Turkey's TAV airport CEO sees market potential in Iran". Dailysabah.com. 28 January 2016. Retrieved 10 April 2016.
  8. ↑ "Turkey's TAV in exclusive talks for two airports in Cuba". Hurriyetdailynews.com. 8 August 2016. Retrieved 18 November 2016.
  9. ↑ "Cuba chooses French firms to expand Havana Airport". Aviationtribune.com. 6 August 2016. Retrieved 18 November 2016.
  10. ↑ "Turkey's TAV qualifies to bid for LaGuardia airport tender". Hürriyet Daily News. 2013-07-29. Retrieved 2013-09-12.
  11. ↑ "Turkey's TAV wins the tender for Latvia's SJSC Riga Airport". Hürriyet Avrupa. 2009-03-03. Retrieved 2013-09-12.
  12. ↑ according to 2010 financial tables prepared in compliance with the International Financial Reporting Standards (IFRS), Willing, Dominic (2012-02-03). "Bidding hots up for TAV stake". Airport World. Retrieved 2013-09-12.
  13. ↑ "Tav Havalimanlari Holding as (TAVHL:Istanbul)". Bloomberg Businessweek. Retrieved 2013-09-12.
  14. ↑ "Airport operations". Tavhavalimanlari.com.tr. Retrieved 10 April 2016.
  15. ↑ "Turkish Airlines, mejor aerolínea del año". Mercado.com.ar (in Spanish). 31 March 2016. Retrieved 10 April 2016.
  16. ↑ "Istanbul Atatürk Airport ranks 11th among world's busiest airports". Hurriyetdailynews.com. 6 April 2016. Retrieved 10 April 2016.


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