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Almaty International Airport Changes Its Executive
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TAV Airports President and CEO Sani Şener said ALA had “significant potential for growth” and the new owner would “work towards realizing this potential to the fullest.”
“Our expertise in route development will help to increase the connectivity of Almaty to the world,” he said. “As an example, in Georgia we doubled the number of destinations and increased passenger traffic seven-fold in a decade.”
TAV recently celebrated the opening of a new terminal at Batumi Airport (BUS) in Georgia which doubled the airport’s capacity to 1.2 million passengers.
Photo credit: Patrick Baz / AFP / Getty Images
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TAV assumes control over operations at Almaty Airport
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4th May 2021
Kazakhstan’s main aviation facility is set to double its capacity with a $200m investment
TAV Airports – a member of Groupe ADP – has taken over operations at Almaty, the busiest hub in Kazakhstan.
The Turkish firm is now an 85% beneficial owner of the base, alongside the associated fuel and catering businesses. Kazakhstan Infrastructure Fund, which is managed by market assets firm VPE Capital and supported by Kazyna Capital Management, is the holder of the other 15%.
This is the first site that TAV have ownership of out of its portfolio of 15 airports.
TAV completes buyout of Almaty Airport
TAV Airports and the Kazakhstan Infrastructure Fund have completed the buyout of Almaty Airport, Kazakhstan’s main aviation gateway and an important junction on the ‘modern Silk Road’. The partners say the capacity of the airport will be doubled thanks to a US$200m investment. Almaty will become the 15th airport in TAV’s global network.
TAV is now 85% beneficial owner of Almaty Airport and associated fuel and catering businesses; the Kazakhstan Infrastructure Fund, managed by VPE Capital and backed by Kazyna Capital Management, holds the remaining 15% stake. Almaty is the first airport in TAV’s portfolio where the company owns the airport instead of a time-limited concession.
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