TAV Airports Holding

TAV Airports Holding
TAV Havalimanlari Holding A.Ş.
Type	Anonim şirket
Traded as	BİST: TAVHL
Industry	Aviation
Founded	1997
Headquarters	Istanbul, Turkey
Area served	DHMI
Key people	Hamdi Akın (Chairman); Sani Şener (CEO);
Services	Air Traffic Control, Airport management
Number of employees	18,768
Website	www.tavhavalimanlari.com.tr

TAV Airports Holding (Turkish: TAV Havalimanları Holding A.Ş.) was established as a joint venture between Tepe and Akfen groups in 1997. TAV Airports is the leading airport operator in Turkey as per the DHMI 2010 passenger statistics including transfer passengers.

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.^[1]^[2]

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 (turnover) according to 2010 financial tables prepared in compliance with the International Financial Reporting Standards (IFRS).^[3] The company shares are listed in the Istanbul Stock Exchange since February 23, 2007, under the name of "TAVHL".^[4]

On March 12, 2012, TAV announced the planned sale of 38% of the firm's issued share capital to Aéroports de Paris Group 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.^[5] Chairman Hamdi Akın^[6] and CEO Sani Şener^[7] continued in their positions.