TAV Airports Holding

TAV Airports Holding (Turkish: TAV Havalimanları Holding) is a Turkish airport operation and services firm that is part of Groupe ADP. It is one of the world's largest airport operators, providing services to 1 million flights and 152 million passengers in 2018.^[1][2]

TAV Havalimanları Holding A.Ş.

Company type	Anonim Şirket
Traded as	BİST: TAVHL
Industry	Aviation
Founded	1997
Headquarters	Istanbul, Turkey
Key people	Edward Arkwright (Chairman) Serkan Kaptan (CEO)
Services	Airport management Air traffic control
Revenue	€1.3 billion (2023)
Net income	€239 million (2023)
Total assets	€5.1 billion (2024)
Total equity	€1.6 billion (2024)
Owner	Groupe ADP (46.12%)
Number of employees	18,768
Website	www.tavhavalimanlari.com.tr
Footnotes / references https://cms.tavairports.com/uploads/641311b547c3a9376c4c63f5/static-pages/pdf-documents/reports-and-documents-annual-report-1-2023.pdf

TAV was established as a joint venture between Tepe Construction, Akfen, and Airport Consulting Vienna in 1997. Today, it is the leading airport operator in Turkey and also provides duty free, food and beverage, ground handling, IT and security services.^[1]

History

In October 2011, TAV Airports was put for sale for €2 billion, with Credit Suisse handling the bid process.^[3] On March 12, 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 US$874 million. 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.^[4] Board Member and President & CEO Sani Sener continued in his position.^[5][6]

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.^[7] In October 2015, TAV Airports won a 20-year lease of the Milas–Bodrum Airport with the bid price of €717 million.^[8] In the US, TAV made an entry by winning the bid for the duty-free areas of the George Bush Intercontinental Airport.^[8]

In January 2016, Sani Sener, CEO of TAV Airports Holding, announced its intention to penetrate the Iranian market.^[9] As of August 2016, TAV 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 Airfield.^[10][11]

Activities

In addition to operating 15 airports, TAV is involved in duty-free sales, food and beverage services, ground handling services, information technologies, security, and operation services.^[12]

In 2010, 55% of the firm's consolidated revenues were non-aviational. It generated 753 million Euro consolidated revenues.^[13] The company's shares have been listed on the Istanbul Stock Exchange since February 23, 2007, under the "TAVHL" ticker symbol.^[14]

Airports operated

As of May 2020, TAV operates the following airports:^[15]

 Croatia

• Zagreb Franjo Tuđman Airport

 Georgia

• Batumi International Airport
• Tbilisi International Airport

 Kazakhstan

• Almaty International Airport

 Latvia

• Riga International Airport

 North Macedonia

• Ohrid St. Paul the Apostle Airport
• Skopje International Airport

 Saudi Arabia

• Madinah Airport

 Tunisia

• Enfidha–Hammamet International Airport
• Monastir Habib Bourguiba International Airport

 Turkey

• Ankara Esenboğa Airport
• Gazipaşa–Alanya Airport
• İzmir Adnan Menderes Airport
• Istanbul Atatürk Airport
• Milas–Bodrum Airport

References

1. "History". TAV Airports. Archived from the original on 2020-05-27. Retrieved 2020-05-27.
2. "TAV announces EUR 764 M revenue in 2019". www.arabianaerospace.aero. 2020-02-10. Archived from the original on 2020-04-06. Retrieved 2020-05-27.
3. Helia Ebrahimi; Garry White (29 October 2011). "TAV Airports goes on the market for £1.75bn". Telegraph.co.uk. Archived from the original on 30 October 2011. Retrieved 18 November 2016.
4. "Aeroports de Paris to Buy 38% of Turkey Airport Operator TAV". Bloomberg Businessweek. 2012-03-12. Retrieved 2013-09-12.
5. Sarıbaş, Şermin (2005-08-21). "Türkiye'nin liman patronu". Hürriyet (in Turkish). Retrieved 2013-09-12.
6. "Airport opeator TAV sets sail for overseas". Hürriyet Daily News. 2013-06-13. Retrieved 2013-09-12.
7. "Turkey's TAV wins $1.1 bln airport project in Bahrain". Hurriyetdailynews.com. 25 January 2016. Retrieved 18 November 2016.
8. 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.
9. "Turkey's TAV airport CEO sees market potential in Iran". Dailysabah.com. 28 January 2016. Retrieved 10 April 2016.
10. "Turkey's TAV in exclusive talks for two airports in Cuba". Hurriyetdailynews.com. 8 August 2016. Retrieved 18 November 2016.
11. "Cuba chooses French firms to expand Havana Airport". Aviationtribune.com. 6 August 2016. Retrieved 18 November 2016.
12. "Group Companies". TAV Airports. Archived from the original on 2020-05-27. Retrieved 2020-05-27.
13. 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.
14. "Tav Havalimanlari Holding as (TAVHL:Istanbul)". Bloomberg Businessweek. Archived from the original on 2013-09-12. Retrieved 2013-09-12.
15. "Airport Operations". www.tavhavalimanlari.com.tr. Retrieved 2017-07-05.

External links

• Official website
• Groupe ADP