History

TAV Airports is a success story built on the accumulation of knowledge, experience and creativity gained in airport operations, one of world’s most challenging sectors. TAV's history dates back to 1997, with the official call for tenders for the Istanbul Atatürk Airport International Terminal Building. TAV was established as a joint venture between Tepe and Akfen groups who won the tender. Put into operation in 2000, Istanbul Atatürk Airport is amongst the very first examples of "Build-Operate-Transfer" projects in the world. This project, reflecting the contemporary image of Turkey, has also come to be the first concrete step of TAV's success story. TAV has become a global brand in airport construction projects as well as airport operations; a brand new area, thanks to its know-how, highly skilled human resources and advanced technology in a very short time. As part of a planned process, the company reorganized its organizational structure in 2006, and grouped its “operational” and “construction” activities under the TAV Airports Holding (TAV Airports) and TAV Construction. Following this reorganization, TAV Airports was presented for initial public offering in February 2007. In May 2012, Group ADP became the majority shareholder in TAV Airports. The Group continues to build on its success every year and strive to represent Turkey in the best manner possible in the international arena. TAV Airports maintains its leading position in the airport operations sector in Turkey. TAV Airports operates Istanbul Ataturk, Ankara Esenboga, Izmir Adnan Menderes, Gazipasa Alanya, Milas Bodrum and Antalya Airports in Turkey as well as Tbilisi and Batumi Airports in Georgia, Monastir and Enfidha-Hamammet Airports in Tunisia, Skopje and Ohrid Airports in Macedonia, Medinah Airport in Saudi Arabia and Zagreb Airport in Croatia. TAV Airports is also active in other areas of airport operations including duty free, food and beverage, ground handling, IT, security and operation services. Within the same context, TAV Airports also operates duty free, food and beverage and other commercial areas at Riga Airport in Latvia. Together with its subsidiaries, the Company provided services to 836,000 flights and 115 million passengers in 2017.

About TAV Georgia

TAV Georgia is an affiliated company of TAV Airports Holding. It started its operation in Georgia in 2005 and will continue its activity until the year 2027 as per the agreement in effect. Having received an investment worth over 180 million USD in Georgia, new passenger terminals of Tbilisi and Batumi airports were commissioned in 2007. Within the above investment in 2016-17 TAV Georgia implemented the Runway and Taxiways rehabilitation project and Construction of New Arrival Terminal at Tbilisi International Airport. Thanks to the multimillion investment made in many different countries, long term experience in airport operations and efficient management TAV Georgia has become one of the most reliable, stable and dynamic companies in Georgia. With its 1300 employees TAV Georgia provided services to more than 3 million passengers at Tbilisi and Batumi international airports in 2017. The passenger flow at Tbilisi International Airport has increased by 40% and at Batumi International Airport by 59% in comparison with 2016. .