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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:

  • Passenger numbers: 4.1 million, +7%;
    • Istanbul Ataturk: 3.1 million, +13%;
      • Domestic: 1.1 million, +15%;
      • International: 2.0 million, +12%;
    • Esenboga: 701,424, +11%;
      • Domestic: 596,032, +11%;
      • International: 105,392, +8%;
    • Izmir: 216,682, +6%;
    • Tunisia (Monastir and Enfidha): 165,475, -53%;
    • Tbilisi: 82,866, +39%;
    • Batumi: 7661, +21%;
    • Macedonia (Skopje and Ohrid): 66,382, +11%.

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