Global economic crisis and financing of Tunisian airport heralds 1Q09 loss for TAV

Premium Analysis

TAV experienced a setback in 1Q09 as it reported a net loss in a period influenced by its expansion into Morocco and by the global economic crisis generally. However, the solid performance of airline THY in its domestic market and TAV’s capacity consistently to win major airport construction projects indicate this may be no more than a temporary blip.

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