Subscribe Free
in Business & Finance / Airports

TAV to sell off 40% with French, US and Qatar investors lining up

Posted 5 February 2012 · Add Comment

Reuters has reported that French construction group Vinci and a partnership between U.S. private equity firm Carlyle Group and the Qatar Investment Authority (QIA) are the leading bidders in a race for a near 40 percent stake in Turkish airport operator TAV Havalimanlari Holding

TAV has won contracts for major airports in North Africa as well as Saudi Arabia. It is also the operator for Istanbul's Ataturk Airport.

It is beleived that other operators in Europeare also keen in taking a stake in the company.

Anaysts stuggest that much of the company's strength lies in its success running non-aviation operations, which have generated increasing amounts of profit. About 57pc of TAV's overall sales come from non-aviation revenue such as duty free and food and beverage.

Also, there is significant opportunity to expand. Turkey has the potential to double annual passenger capacity at airports to 206m, according to San Sener, TAV's chief executive.

Potential buyers are currently looking at the sales information with bids not due until next month.

* required field

Post a comment

Other Stories
Advertisement
Latest News

First landing on an unpaved Runway for the PC-24

The PC-24 has made its first landing on an unpaved runway.

Turkish Airlines adds Moroni in Comoros to its network

Turkish Airlines added Moroni - the biggest city and the capital of Comoros Union - to its network on 18 June 2018.

Jazeera's DIY terminal

Fed up with your home base’s terminal being overcrowded? Build your own. Alan Dron finds out that Kuwait’s Jazeera Airways has done precisely that.

The sound of silence on the flight deck

Airline pilots can at last benefit from a technology that has changed the world for passengers and general aviation pilots around the world. Alan Peaford travelled to Boston, USA, to visit the Bose Corporation and hear about the

Gulf Air’s double daily Bahrain–London 787-9 Dreamliner service takes off

Gulf Air has launched its double daily Boeing 787-9 Dreamliner service connecting Bahrain International Airport and London, Heathrow.

Etihad Airways passes the biennial IATA Operational Safety Audit

Etihad Airways has successfully passed the biennial IATA Operational Safety Audit (IOSA).

TAA SK0902311218
See us at
GATM BT1004061118ASDubai BT1004091018Cargo BT1004091018AIME19BTA3005120219MEBAA BT1004121218Istanbul Airshow BT22018BIAS BT271017161118