The joint venture will invest around $867m to increase the airport’s annual capacity to 80 million passengers. Credit: mohamed Hassan / Pixabay.

A joint venture (JV) of Fraport and TAV Airports Holding has placed the best bid of $8.21bn (€7.25bn) to extend its operating concession for Antalya Airport (AYT) in Turkey by 25 years.

The JV’s existing contract to operate Antalya Airport expires at the end of 2026. With the latest win, it will be able to run the airport until 2051.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Fraport CEO Dr Stefan Schulte said: “We delivered a convincing bid backed by our many years of successfully operating and developing Antalya Airport as one of the world’s premier tourism hubs.

“Together with our partner TAV, we look forward to continuing this dedication to customer service, innovation and operational excellence in the decades to come.”

The Fraport-TAV JV has committed an investment of nearly $867m (€765m) to grow the airport’s annual capacity to 80 million passengers.

It will be required to complete infrastructure projects before the start of the operational period of the new concession.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The JV will be responsible for completing the domestic terminal and Terminal 2 expansion, as well as creating new facilities at the airport for VIP/CIP passengers.

The signing of the new contract is anticipated in the first quarter of next year, subject to the approval of Turkish competition and airport authorities.

Additionally, the JV is required to pay 25% of the bidding price within 90 days after the closing of the concession contract.

It will be responsible for the operations of the passenger terminals as well as ‘landside’ infrastructure including retail areas, public parking, and passenger screening.

TAV Airports president and CEO Sani Şener said: “We plan to begin the investment to realise the necessary capacity increase in the airport at the earliest possible time.”