TAV bids to operate Medina airport

TAV submitted a tender with a consortium formed with Saudi Oger Ltd and Al Rajhi Holding Group for the 25-year operating tender for Saudi Arabia's Medina Airport. Each company owns an equal share in the consortium.

TAV Turkish Airports also shrugged aside the ash-related travel disruption in northern Europe over late May-2011 to report a 7% increase in traffic at its nine airports for the month. Shares in the Turkish airports operator rose 4.6%

TAV Holdings traffic highlights in May-2011:

Shares in Aeroporto di Firenze were up 5.2%, arresting a six-day run of decline stock prices.

Selected airport & airport operators share price movements (% change): 06-Jun-2011