Tav Havalimanlari Holding AS - Company Profile
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Tav Havalimanlari Holding AS (TAV), a subsidiary of Aeroports de Paris SA, is an airport operator that manages several airports across multiple countries. It provides a range of services including terminal operations, catering, duty-free sales, ground handling, and private passenger lounge management. Its services cater to international and domestic passengers, airlines, and airport personnel across various sectors. TUV operates Antalya, Ankara Esenboga, Izmir Adnan Menderes, Milas-Bodrum, and Gazipasa Alanya Airports in Türkiye. Internationally, it operates Almaty International Airport in Kazakhstan, Tbilisi and Batumi Airports in Georgia, Monastir and Enfidha-Hammamet Airports in Tunisia, Skopje and Ohrid Airports in North Macedonia, Madinah Airport in Saudi Arabia, and Zagreb Airport in Croatia. The company manages airports in Turkiye, Kazakhstan, Georgia, Tunisia, North Macedonia, Saudi Arabia and Croatia, among others. TAV is headquartered in Istanbul, Turkiye.
Headquarters
Turkey
Address
Vadistanbul Bulvar, Ayazaga Mahallesi, A, Samsun, 34485
Website
tavairports.com/tr
Telephone
90 212 4633000
No of Employees
45,000
Industry
Transport and Logistics
Ticker Symbol & Exchange
TAVHL.E (IST)
Revenue (2024)
$2.1B
9.8%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-72.3%
(2024 vs 2023)
Market Cap*
$2.1B
Net Profit Margin (2024)
XYZ
-74.8%
(2024 vs 2023)
* As of and is in US$
Tav Havalimanlari Holding AS premium industry data and analytics
Products and Services
| Services |
|---|
| Airport Management |
| Ground Handling |
| In-Flight Catering |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Contracts/Agreements | In June, the company made strides in digital accessibility by collaborating with its subsidiary TAV Technologies and the local startup B’inclusive, which specializes in AI-driven accessibility solutions. This partnership introduced new features on TAV Airports' websites, enabling users with visual impairments, low vision, color blindness, or dyslexia to navigate content more independently through a personalized accessibility menu. This initiative is part of the company’s commitment to enhancing digital inclusion and improving the travel experience for all. |
| 2024 | Corporate Changes/Expansions | In June, the company inaugurated a new international terminal at Almaty Airport, marking the beginning of operations for its first passengers. This terminal is designed to accommodate over 14 million passengers annually and aims to achieve a 5-star rating from Skytrax, along with EDGE Advanced certification for excellence in passenger experience and sustainability. The project represents a US$200 million investment by the company in Kazakhstan's economic and cultural hub. |
| 2024 | Corporate Changes/Expansions | In March, the company, in collaboration with its consortium partner, announced to invest US$275 million in Madinah, to increase terminal capacity to accommodate 18 million passengers per year. |
Competitor Comparison
| Key Parameters | Tav Havalimanlari Holding AS | Turk Hava Yollari Anonim Ortakligi | Fraport AG | Celebi Hava Servisi AS | Toscana Aeroporti SpA |
|---|---|---|---|---|---|
| Headquarters | Turkey | Turkey | Germany | Turkey | Italy |
| City | Istanbul | Istanbul | Frankfurt | Istanbul | Firenze |
| State/Province | Samsun | Istanbul-I (Thrace) | Hessen | - | - |
| No. of Employees | 45,000 | 66,917 | 19,603 | 8,141 | 382 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Justine Coutard | Chairman | Executive Board | - | 41 |
| Ali Haydar Kurtdarcan | Deputy Chairman | Executive Board | - | - |
| Serkan Kaptan | Chief Executive Officer | Senior Management | 2022 | - |
| Karim Ben Salem | Chief Financial Officer | Senior Management | 2025 | - |
| Kursad Kocak | Chief Operating Officer | Senior Management | 2020 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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