Fraport TAV Antalya Yatırım Yapım ve İşletme A.Ş., a joint-venture between Fraport AG and TAV Airports Holding for the operation of Antalya Airport (AYT) on the Turkish Riviera, has successfully completed the refinancing of a short-term loan with a 3.5-year duration. The loan was originally used to finance obligations defined under the new lease agreement, including an upfront concession payment and the construction of new infrastructure, in particular the expansion of Terminal 2. The new terminal was successfully inaugurated on April 12, 2025, as scheduled.

The new loan of € 2.5 billion is provided by an international lender consortium consisting of international development banks, such as AIIB, DEG, EBRD and IFC, along with other international banks, including Alpha Bank, Bank of China, Deutsche Bank, and National Bank of Greece. Turkish banks Akbank, Garanti BBVA, QNB, TEB, Vakifbank and Ziraatbank are also contributing to the financing. This banking group provides long-term financing with a maturity of up to 13.5 years. The refinancing supports the joint venture’s strategic vision for sustainable long-term growth and operational stability at Antalya Airport. The aim is to increase the airport’s capacity to 80 million passengers annually, thereby bolstering the regional economy.

Fraport AG has already been active at Antalya for over two decades. Since assuming this role in 1999, via another joint venture holding the old concession, the company has succeeded in consolidating and expanding the airport’s importance as a gateway for international tourism in the Mediterranean region. Within the scope of a public bidding process, in 2021 Fraport AG and its partner TAV Airports Holding received the contract for a new concession until the end of 2051. The operational phase of this new concession for Antalya Airport will start on January 1, 2027, and run for 25 years. It comprises operation of the terminal and other landside infrastructure, including retail areas, parking management, and the passenger security checkpoints.