TAV/Groupe ADP consortium completes acquisition of Almaty Airport
For some time Turkey’s TAV Airports has been looking further to the east than its clutch of concessioned airports at home and in Georgia, and with an eye particularly on Almaty, the largest city in Kazakhstan and the regional economic driver.
Now TAV has finally secured that airport with a plan to invest heavily in it, taking it under full ownership within a consortium that includes a Russian asset manager.
The prospects are bright, at least on the surface, but there are two ‘unknowns’ present, namely: the value that Kazakhstan’s oil and gas industries will have in the future, and whether or not China’s ‘Belt and Road’ initiative, on which it lies, comes to full fruition.
Become a CAPA Member to access Analysis Reports
Our Analysis Reports are only available to CAPA Members. CAPA Membership provides exclusive access to in-depth insights on the latest developments in the aviation and travel industry, developed by our team of dedicated analysts located in Europe, North America, Asia and Australia.
Each report offers a fresh perspective on the latest industry trends and is available online or via the CAPA mobile app, with customisable alerts to help you stay informed and identify new business opportunities.
CAPA Membership also provides access to our full suite of tools, including a tailored selection of more than 1,000 News Briefs every week and comprehensive data and analysis on thousands of companies around the world.