Fraport-TAV joint venture extends management contract at Antalya Airport to 2026 – The Moodie Davitt Report

TURKEY. The Fraport Group and TAV Airports joint venture has prolonged its contract to handle Antalya Worldwide Airport by two years to 2026, by means of settlement with the Turkish authorities. Fee of the corporate’s annual concession charge has been deferred from 2022 to 2024.

Fraport stated: “This settlement will assist the Fraport-TAV Antalya joint venture to relaunch Antalya Airport on a gentle course, sustaining continuity throughout such a essential time in aviation.

“For greater than twenty years, Fraport AG has been a devoted and dependable associate in managing and growing Antalya Airport. Through the years, Fraport TAV Antalya has attracted extra airways and routes, and enhanced the passenger expertise. Antalya has develop into the worldwide gateway to Turkey’s largest and most vital tourism area – and one of many main locations within the Mediterranean. Fraport additionally appears to be like ahead to the chance of continuous its Antalya partnership within the a long time forward.”

Antalya Airport fraport

Fraport stated it goals to proceed its lengthy-held management contract for a lot of extra years even after this extension (Picture: Fraport)

Antalya Airport served almost 35.5 million passengers in 2019, a document. In 2020, visitors dropped by almost -73% yr-on-yr to about 9.7 million, amid the affect of the worldwide pandemic.

In 2018, TAV Airports started joint operation of the airport after it bought a 49% stake in management firm ICF Antalya. Dufry is the primary journey retailer at the placement.