TAV buys IC İçtaş shares in Antalya Airport

27 February 2018: TAV Airports has bought IC İçtaş 49% stake in ICF Antalya, the Fraport-involved joint-venture that manages Antalya Airport. The move takes the TAV portfolio to 18 airports serving over 140 million passengers – Antalya Airport handled more than 26 million passengers in 2017, a 38% improvement. Although subject to DHMI approval, the agreement will give TAV co-control of the company and 50% dividend rights. Fraport has been involved in operating Antalya Airport since 1999. In 2007, an expanded Fraport-IC İçtaş partnership won the tender to operate the airport until December 2024.

TAV Airports President and CEO Sani Şener: “With our extensive know-how, we aim to work towards strengthening Antalya’s true potential. Meanwhile, we’ll continue looking for opportunities on a global scale and growing in the airport management industry.”

TAV Airports President and CEO Sani Şener said: “We will be happy to partner with Fraport in Antalya, one of the most prominent tourism destinations in the Mediterranean. As the second largest airport in Turkey in terms of international traffic, Antalya Airport further underlines our commitment to investing in our home country, and to the Turkish aviation market.”

Malaysians to sell Sabiha Gökçen portion?

Meanwhile, Malaysia Airports Holdings continues to offer the prospect that it will soon sell a portion of its wholly-owned concession to operate the 31 million-throughput Istanbul Sabiha Gökçen Airport. This is known to be of great interest to TAV Airports to replace its Istanbul presence when Atatürk closes to commercial traffic after October. TAV originally offered to buy Limak’s stake in Sabiha Gökçen Airport in 2014, although in that instance the Malaysians activated a right-to-buy option.

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