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TAV has completed the share sale at Medina Airport

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TAV has completed the share sale at Medina Airport

TAV Havalimanları Holding has successfully completed the sale of a portion of its shares in its subsidiary operating Medina Airport in Saudi Arabia. According to an announcement made to the Public Disclosure Platform (KAP) last night, the company finalized the sale process, as previously disclosed in July. As a result of the sale, a one-time income of over 70 million euros will be recorded in the third-quarter financial statements.

TAV had reached an agreement in July to sell a 24% stake in Tibah Airports Development Company, which operates Medina Airport, to its fellow shareholder Mada International Holding for 135 million dollars.

TAV has completed the share sale at Medina Airport 27 Nisan 2024

Mehmet Kali

Hello everyone. My name is Mehmet Kali. In the industry, I am known as "Kali". I graduated from the first civil aviation training school in Turkey, which was known as the Civil Aviation School at the time and is now Eskişehir Technical University, in 1991. As I graduated from the Business Administration department, it was a bit challenging for me to integrate into the industry. I have worked for companies such as SultanAir, DHMI, Havaş, and Swissair, and currently, I provide services and consultancy in air cargo transportation. I have experience in dispatching, air traffic control, passenger services, and aircraft coordination. During my time at Swissair, I had the opportunity to experience aviation training in many countries. Since 2012, I have been focusing on air cargo transportation. For three years, I taught courses on air cargo at Nişantaşı University. I still hold valid IATA certifications related to both passenger and cargo operations. For over ten years, I have been managing aeroportist.com, a news website related to aviation, which initially started as a hobby. I enjoy building aviation networks and sharing knowledge. If there is anything I can contribute to, I am here. Best regards "kali"

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