Turkish airports: TAV Airports results point to a future after Atatürk
When it was disclosed that Istanbul's Atatürk Airport was to close to passenger operations and to be replaced by Istanbul Airport (of which TAV Airports would not be involved in the financing or developing) it looked not only like the end of an era for TAV, but that the firm would be severely impacted financially.
It might still be early days but financial results from 1Q2019, the quarter in which the transition was finalised, indicate that TAV has not just rolled over and given up the fight.
In addition to positive financials, the acquisition of a large stake in Turkey's third busiest airport, an ever-growing services provision (including at the new airport) and the evaluation of future projects across Europe and Africa demonstrate that it is still very much alive and kicking.
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