TAV Airports Holding

Airport operator TAV Havalimanları will participate in additional investments in Madinah Airport that will increase its capacity, the company has said in a filing with Borsa İstanbul.

The annual passenger capacity of the airport will increase from 8 million to 18 million in two phases.

Airport operating company TAV Havalimanları aims to serve at least 100 million passengers this year, said Serkan Kaptan, noting that the company's growth in 2023 was above their targets.

The airports TAV operates served 96 million passengers last year, a 22 percent increase compared to 2022. The revenues of the company grew 25 percent to 1.3 billion euros.

Airports operated by TAV Havalimanları have served 14.2 million passengers in the January-March period, pointing to a 42 percent increase from a year earlier.

International passengers grew 74 percent in the first quarter year-on-year to 7.43 million, while the domestic passenger tally increased by 18 percent to 6.75 million, the company said.

Prominent Turkish airport operator TAV Airports has taken over operations at Almaty Airport, Kazakhstan's main and busiest aviation hub.

The airport's capacity will be doubled with a $200 million investment to build a new international terminal, the operator said in a statement on April 30.

The investment is planned to be completed in less than three years.

(Reuters) - Bulgaria has extended the deadline for submitting bids to run Sofia's airport for a third time, to Feb. 5 following changes in the documents for the concession contract, transport ministry data showed on Wednesday.

Direct flights between the Former Yugoslav Republic of Macedonia (FYROM) and Greece are set to resume after more than a decade, amid a thaw in relations following a deal to rename FYROM "North Macedonia."

A joint venture between TAV Construction and Ballast Nedam, which is owned by Turkey's Rönesans Holding, will build the planned new pier at Amsterdam's Schphol Airport.

TAV Airports has said it signed an agreement to buy IC İçtaş’s shares at Antalya Airport in southern Turkey for 360 million euros. 

Tepe Construction and Sera Yapı, two TAV Airports shareholders, have sold more than 13.7 million shares at 19.85 Turkish Liras per share in the company, corresponding to 3.76 percent of stake in the capital of the company, to foreign corporate buyers, TAV said in a press release on Sept. 12. 

The shareholders have pledged not to sell any more shares for 270 days.

Turkey's Akfen Holding has announced it signed a deal to sell a 40 percent stake in the Mersin Port to Australia's IFM Investors for $869 million. 

The share of Akfen in the port declined to 10 percent after the deal was signed. 

In a statement late on July 31, the company said Akfen Holding Chair Hamdi Akın would keep his chairmanship position in the port.