Press Releases

Press Releases

TAV pays lease of $174,647,444 + VAT to DHMI

TAV Airports has paid $139,877,444 + VAT for the operation concession of the Istanbul Ataturk Airport and €28,975,000 + VAT for the operation concession of Izmir Adnan Menderes Airport; a total of 174,647,444 USD + VAT to the State Airports Authority. At the ceremony held to commemorate the event, TAV Airports President & CEO Sani Şener presented two symbolic checks for the lease payments of the two airports to Transportation, Maritime Affairs and Communications Minister Lütfi Elvan.

TAV Airports, Turkey’s global brand in airport operations, paid 174,647,444 USD + VAT in total for the lease on the entrance gate of Turkey, Istanbul Ataturk Airport, and Izmir Adnan Menderes Airport, the magnet of the Aegean Region, to DHMI. During the ceremony the symbolic checks were presented to Transportation, Maritime Affairs, and Communications Minister Lütfi Elvan by TAV Airports President & CEO Sani Şener. DHMI General Manager Orhan Birdal also attended the ceremony.

Transportation, Maritime Affairs and Communications Minister Lütfi Elvan stated: "Such a leasing amount is being issued when public and private sector collaboration hit the top. Turkey is one of world's leading countries in public and private sector collaborations. DHMI solely has realized 18 similar projects. The government will earn a share of $8 billion. The share has been more than $2 billion up to now. We are gathered today for TAV's leasing payment. Let's consider TAV example solely. TAV is a global leading company in the business of airport construction and operations. People say "Turks built the airport, Turks operate this airport" during our negotiations held in many countries. We are all proud of that. Public and private sector collaboration is of high importance for us and we will continue achieving projects by these collaborations. The passenger number showed 13.2 percent rise in December 2014, when compared to December 2013. The total passenger number was around 150 million, which increased to 166 million in December 2014. Turkish Aviation industry is attaining growth in every aspect despite the recession in the world and Europe."

State Airports Authority (DHMI) General Manager Orhan Birdal expressed: "TAV is a pioneering company enabling us open up to the world thanks to build-operate-transfer and transfer of operating rights by leasing projects initiated in Istanbul. Atatürk Airport is not Turkey's but also the world's most popular airport. The earnings today are to be invested in Turkish civil aviation sector. We are investing the money, which we gain from aviation, in aviation industry."

TAV Airports President & CEO M. Sani Şener said: "We launched Ataturk Airport for service 15 years ago on January 9th, 2000. We have undertaken operations firstly by build-operate-transfer and then by leasing. We are issuing the first leasing amount of Izmir Adnan Menderes Airport today. We are glad to keep our promise and fulfill our commitment as always. We have set off on our journey from Ataturk Airport and today 14 airports are being operated by TAV. TAV Construction is currently constructing six airports. Service companies of TAV Group are operating at 33 airports. In other words TAV is operational at 53 airports around the globe. That is where a Turkish company stands.”

Istanbul Ataturk Airport International Terminal, one of the first airport operation projects built according to the "Build-Operate-Transfer" model, was constructed in a record 22 months. Opened for service in 2000, the terminal was expanded with an additional facility in 2004. TAV was also awarded operation of the Domestic Terminal in July 2005. The new parking space of 26 aircraft and taxiways were put into operation in 2014 as part of the first phase of the capacity increase project executed by DHMI on November 2014. The number of aircraft parking spaces at Ataturk Airport was increased to 128 with the new parking spaces. The total capacity will be 145 upon the completion of the ongoing parking space construction for 18 aircraft. Furthermore, TAV signed an agreement with the State Airports Authority (DHMI) for an additional investment of 75 million euros for renovation and expansion of the international terminal of Istanbul Ataturk Airport. The project is planned for completion in the first half of 2016. Ataturk Airport is not only the largest airport in Turkey, but also regarded with respect throughout Europe for its architecture, speed of passenger flow and services. Istanbul Ataturk Airport welcomed 57 million passengers in 2014, an increase of 11 percent compared to the previous year.

In 2006, TAV Airports undertook the operation of Izmir Adnan Menderes Airport International Terminal, on an area of 118,000 square meters, with an investment of €150 million. TAV Airports won the tender held by DHMI at the end of 2011, being awarded the operating rights of the domestic terminal in 2012 until the end of 2032. As per the tender specifications, TAV built the new domestic terminal with an investment of €266 million at Adnan Menderes Airport, connecting the domestic and international terminals with a bridge system. There are flights to 86 destinations in 36 countries through 55 airlines at the international terminal and to 22 destinations with 6 airlines at the domestic terminal of Izmir. Adnan Menderes Airport welcomed 10.9 million passengers in 2014, an increase of 7% compared to the previous year.