Continuing the Fraport-TAV Antalya Success Story into the 2050s
Placing the highest total bid of 7.25 billion euros, Fraport AG and its partner TAV Airports Holding won today’s auction for the new concession to operate Antalya Airport (AYT), the gateway to the Turkish Riviera. A percentage of 25% of the bidding price is payable up front within 90 days after closing of the concession contract. The existing concession for Antalya Airport – managed by the Fraport and TAV joint venture – expires at the end of 2026.
The agreement for the new concession is expected to be signed within the first quarter of 2022, pending approval of the Turkish competition and airport authorities. Fraport-TAV’s mandate as the concessionnaire will include operations of the passenger terminals and other “landside” infrastructure, such as retail areas, public parking, and passenger screening. The operational period for the new 25-year concession will begin in early 2027 (after expiration of the existing contract).
Under the agreement, infrastructure projects will have to be completed before the operational period of the new concession begins. These projects include the expansion of Terminal 2 and the domestic terminal, as well as creating new facilities for VIP/CIP passengers.
Commenting on the successful bid for the new AYT concession, Fraport AG’s CEO Dr. Stefan Schulte said: “We delivered a convincing bid backed by our many years of successfully operating and developing Antalya Airport as one of the world’s premier tourism hubs. Together with our partner TAV, we look forward to continuing this dedication to customer service, innovation and operational excellence in the decades to come.”
Fraport AG has been active in Antalya for more than two decades. Since 1999, Fraport has successfully secured Antalya’s position as one of the leading tourist gateways in the Mediterranean region for visitors from across Europe and around the world. With numerous airlines and an extensive route network, AYT has become Turkey’s second busiest airport outside of Istanbul.
In 2019, Antalya Airport reached an all-time record of more than 35 million passengers. Due to the global pandemic, traffic dropped by nearly 73 percent year-on-year in 2020 to about 9.7 million travelers. However, traffic started rebounding in 2021 – particularly since the summer – to about 20 million passengers for the January-to-October period.
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