TAV TAKES OVER OPERATIONS AT ALMATY AIRPORT

The airport operator TAV Airports has taken over operations at Almaty Airport, Kazakhstan’s main aviation hub. The airport’s capacity will be doubled with a USD 200m investment to build a new international terminal, according to the statement by the company. “We will focus on realizing Almaty Airport’s growth potential to the fullest,” said Sani Sener, CEO of TAV Airports. The investment, which is scheduled to be completed in less than three years, will make TAV 85% beneficial owner of Almaty Airport and its associated fuel and catering businesses while the Kazakhstan Infrastructure Fund, managed by the Russia-based VPE Capital and backed by Kazyna Capital Management, will hold the remaining 15% stake.