TAV Airports Holding Is A Company To Watch On The Planned Airport Concession

TAV Airports Holding

TAV Airports Holding Company might be one of the major companies that would win concession contracts of some of the key airport in Nigeria.

As Nigeria is gearing up to concession its 23 international airports and cargo landing bases, the company will be among major global investors and airport management companies that are bracing up to get some of the most ‘juicy’ airport.

TAV Airports Holding Company is a Turkish company with a strong reputation in airports management and concession. On the top line TAV Airports has over 14 major airports under its management across three continents of the world.

Some of the airports under its management includes-  Istanbul Atatürk, Ankara Esenboga, Izmir Adnan Menderes, Milas-Bodrum and Gazipasa-Alanya Airports in Turkey, Tbilisi and Batumi Airports in Georgia, Monastir and Enfidha-Hammamet Airports in Tunisia, Skopje and Ohrid Airports in Macedonia, Medinah Airport in Saudi Arabia and Zagreb Airport in Croatia.

One of the most remarkable feat achieved by TAV Airports was its ability to restart operations less than six hours after a major terrorist attacks at the Istanbul Atatürk. This points to the fact that the company is very efficient and well experienced in managing disaster, emergency and crisis management.

One of its bragging milestone is that in 2015, the company catered for 780,000 flights and more than 102 million passengers. Another big surprise about its success is that TAV Airports started business in 1997 with its first bid for the management of Istanbul Atatürk Airports in Turkey. The successful bid saw  Tepe and Akfen Groups partnering to form a company that has now become Turkey’s ambassador in airports facility management.

To reach out to a global market and get more capital, TAV Airports did its initial public offering, IPO in 2007. In 2012, the company brought in a larger partner to get equity investment in the company, as a result of this, key shareholders in the company gave up 38 percent of TAV Airports’ to Aéroports de Paris.

The company has already indicated interest to manage the Murtala Muhammed International Airport, Lagos. The bidding process is expected to be tough as the MMA Lagos is the busiest airport in Nigeria.

As the concession of Nigerian airports gets nearer, TAV Airports Holdings is definitely one of the companies to watch.

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