By Ercan Ersoy
Turkey’s biggest airport operator is seeking to participate in auctions in South Asia, India, the U.S. and Africa to compensate for the loss in 2021 of its operations at Istanbul Ataturk, the airfield that makes up half of its revenue.
TAV has agreed with the Turkish government to receive compensation equal to its annual net income for each year the new Istanbul airport, being built by a group of five local contractors, is operational before the Ataturk airport concession ends, Chief Executive Officer Sani Sener told reporters in Istanbul on Monday. The builders plan to open the first terminal, which will handle 90 million passengers a year, in mid-2018. Among possible airports that TAV is considering is Manila in the Philippines, he said.
