Press Releases

Press Releases

TAV Airports and airBaltic Sign Memorandum of Understanding for Riga

TAV Airports Holding signs a Memorandum of Understanding for the development, construction and operation of a new passenger terminal at Riga International Airport in Latvia. TAV Airports and airBaltic, the flagship carrier of Latvia, will be joint partners on a 50:50 shareholding basis.

TAV Airports Holding and the flagship carrier airline of Latvia, airBaltic, have signed a Memorandum of Understanding for the development, construction and operation of a new passenger terminal at Riga International Airport. The Memorandum of Understanding sets forth the new partnership between TAV Airports and airBaltic, to serve the 2.8 million annual passengers of Riga International Airport–which has an annual capacity of 4.1 million passengers--on a 50:50 shareholding basis.

TAV’s CEO and President M. Sani Şener commented: “Riga International Airport has been experiencing continuous growth in passenger numbers throughout the second part of the decade. AirBaltic has been the main driver for this growth, with its impeccable record in customer services and continuous dedication to operational excellence. Furthermore, our recent involvement in NHS has been a testament to our continuing interest in the development of Riga International Airport. Therefore, we welcome the opportunity to be involved in a development project for a new terminal at Riga International Airport alongside Air Baltic.”

airBaltic CEO Bertolt Flick said: “TAV Airports is a respected international company with a proven track-record in airport management, development, operations and services. Havas, a subsidiary of TAV Airports Holding, is currently present at Riga airport as 50% owner of North Hub Services, a ground handling services provider. If the new terminal project is to move forward, airBaltic would prefer TAV as a partner.”

The Memorandum of Understanding was signed during the international aviation conference “North Hub Riga,” gathering over 200 participants from around 30 countries in Europe, the CIS and the Middle East.

TAV Airports, the leading airport operator in Turkey, currently operates Istanbul Ataturk Airport, Ankara Esenboga International and Domestic Terminals, Izmir Adnan Menderes Airport International Terminal and Antalya Gazipasa Airport in Turkey; the Tbilisi and Batumi International Airports in Georgia; the Monastir Habib Bourguiba and Enfidha-Hammamet International Airports in Tunisia; and the Alexander the Great International Airport and St. Paul the Apostle International Airport in Macedonia. TAV Airports also actively participates in other areas of airport operations such as; ground and management services, duty free retail stores, food and beverage services, data processing and security. TAV Airports Holding serves approximately 375,000 flights by 300 Airlines and an average of 42 million passengers every year.   

airBaltic was selected by to receive an ANNIES award as Europe's flag carrier with the largest increase in new routes, this summer operating 27 more routes than in 2009. airBaltic serves 80 destinations from its home base in Riga, Latvia. From every one of these destinations, airBaltic offers convenient connections via North Hub Riga to its network spanning Europe, Scandinavia, Russia, the CIS and the Middle East.

About airBaltic
AIR BALTIC CORPORATION (airBaltic) is a joint stock company that was established in 1995. The primary shareholders are the Latvian state, with 52.6% of stock, and SIA Baltijas aviācijas sistēmas, with 47.2% of stock. The airBaltic fleet consists of 31 aircraft – ten Boeing 737-500, eight Boeing 737-300, two Boeing 757-200, and eleven Fokker 50 airplanes. airBaltic offers nonstop flights from three Baltic capital cities – Riga, Vilnius, and Tallinn. airBaltic received the title of Airline of the Year 2009/2010 (Gold Award) from the European Regions Airline Association. airBaltic is the winner of the Air Transport World Phoenix Award 2010 – a global recognition of excellence in business restructuring.