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«TAV Airports Holding»

TAV Airports Holding was founded in 1997. It is a global airport operator, managing 15 airports in 8 countries.

 

The main area of ​​activity is airport management to ensure passenger and cargo transportation, as well as other adjacent activities related to air transportation (duty-free trade, catering, security, ground handling, etc.).

 

TAV Airports Holding has a global business reputation - the company's shares are listed on the Istanbul Stock Exchange (since 2007). The market capitalization at the beginning of 2024 was $ 1.6 billion.  

 

TAV Airports Holding has been present in Kazakhstan since 2020, when a subsidiary "TAV Kazakhstan" LLP was established to implement a project to acquire and develop "Almaty International Airport" JSC. In the spring of 2021, a consortium of investors represented by "TAV Airports Holding" and "Kazakhstan Infrastructure Fund C.V. ", a portfolio fund of JSC NMH Baiterek (Qazaqstan Investment Corporation) managed by VPE Capital, completed the acquisition of 100% of the shares from the previous owner. To date, 85% of the shares belong to TAV, 15% to Kazakhstan Infrastructure Fund.

 

As part of the implementation of the project for the development of the infrastructure of Almaty International Airport, a Financing Agreement was signed with the international financial organizations EBRD, EDB, IFC and DEG in the amount of USD 450 million. The specified funds were used to finance the capital expenditure program, in particular, the construction of a new international terminal (2022-2024), the construction of a new general aviation building and a government VIP terminal (2022-2023), the construction of a central engineering installation (2022-2023), financing works on the aerodrome and landside area (2022-2024), reconstruction of the existing terminal, modernization of the fuel and refueling complex and the creation of an automatic fuel supply system (2024-2025) and the implementation of a noise insulation program, etc.   

 

In 2023, TAV Airports Holding served 95.5 million passengers globally (an increase of 22% compared to 2022). According to the results of 9 months of 2023, the group received consolidated revenue of $ 1.063 billion (EBITDA - $ 347.9 million.).

 

Almaty International Airport served 11.4 million passengers in 2024, reflecting a 20% increase compared to 2023, and handled 99 thousand tons of cargo. As of the first nine months of 2023, the airport generated revenue of USD 324.9 million (with EBITDA amounting to USD 75.6 million).

 

In 2024, 2023, 2022, and 2021, JSC “Almaty International Airport” paid approximately 17.3 billion tenge, 15.2 billion tenge, 13.9 billion tenge, and 5.5 billion tenge respectively to the state budget in the form of taxes and other payments.

 

On June 1, 2024, the new international passenger terminal of Almaty International Airport was officially commissioned. For the comfort of passengers, the new terminal features mother-and-child rooms on each floor, essential amenities for persons with disabilities, a children's play area, as well as additional facilities such as lounge rooms, co-working spaces, a VR room, and a pet room. In addition, the terminal houses a newly opened Museum of Kazakh Aviation.

The new terminal is connected to the existing one via an overhead walkway. This new facility provides passengers with easy access for transfers between domestic and international flights without having to exit the building.

To provide a modern and comfortable experience during passport control procedures, the terminal is equipped with 20 booths in the departure area and 32 booths in the arrival area along the border service line, 4 units of automated border control equipment for citizens of the Republic of Kazakhstan in the arrival–departure zone, 4 baggage carousels, and information kiosks for convenient passenger navigation.

The passenger boarding bridges of the new terminal can simultaneously accommodate up to seven aircraft, depending on the aircraft size.

The new passenger terminal of Almaty Airport became the first in Central Asia to be certified under the international Excellence in Design for Greater Efficiency (EDGE) program. The EDGE Advanced certification confirmed the airport’s commitment to sustainability and marked a significant milestone in advancing environmental standards in the Republic of Kazakhstan.

As part of the project, the terminal successfully implemented water-saving equipment and technologies aimed at reducing greenhouse gas emissions, air pollutants, and waste, in accordance with the recommendations of the International Civil Aviation Organization (ICAO).

The certification resulted in the following achievements:
— a 46% reduction in energy consumption,
— over 56% savings in water usage,
— and over 33% reduction in the use of other natural resources.

TAV Airports Holding (through Almaty International Airport) is active in charity and sponsorship activities in Kazakhstan. The amount of charitable assistance in 2024 and 2023 amounted to 76,684,680 tenge and 64,545,153 tenge, respectively. Assistance was provided to such organizations as "Charity Do Kindness ", "Charity Event ", the Society of Disabled People of the Turksib District of Almaty (children and adults), aviation veterans, etc. Sponsorship assistance in the amount of 32,777,933 tenge was provided for the development of culture and promotion of sports. A number of events in Almaty and Astana were supported, in particular, the planting of trees "EcoFund", the organization and participation in "Almaty Half Marathon 2023" and "Almaty Marathon 2023", a football camp for young athletes, a golf tournament, "International Forum Astana 2023", a week of Turkish cinema, the charity event "Road to School", a New Year tree and gifts for disabled children, the XIV winter charity ball under the auspices of the "Bolashak " Corporate Foundation, etc. In 2025, Almaty International Airport is acting as a sponsor of the Volleyball Federation of Kazakhstan, with the amount of support totaling approximately 120 million tenge. Currently, an agreement is being discussed regarding the construction of a football academy in Talgar, with a total area of 5,500m² and an estimated cost of approximately 3.2 billion tenge.

As of May 31, 2025, the number of permanent employees is 3,680, of which 3,652 are residents of the Republic of Kazakhstan, accounting for 99.24% of the total workforce.

 

TAV Airports Holding and Almaty International Airport fully support the professional development and qualification improvement of local employees, based on international standards and recommendations of the International Civil Aviation Organization, European Aviation Regulations (EASA), as well as the requirements of domestic labor legislation.

 

Employees are trained both within the country (based on the Professional Training Center of the RSE "Kazaeronavigation", "Swan Aviation", the Civil Aviation Academy, etc.) and abroad (JAA Training Organisation (Netherlands), IATA Training Centers, GTI Aviation Training (Turkey), AeroClass, etc.). In addition, since 2023, e-learning on the basis of the ENOCTA and LinkedIn platforms has been implemented (the volume of training material exceeds 8,000 courses) with full access for each employee.

 

TAV Airports Holding actively participates in events focused on attracting investments into the economy of the Republic of Kazakhstan, sharing experience and business practices. The following should be noted among the events of 2023, where the company's management took part:

·        First Kazakhstan Aviation Talks (May)

·        The first Kazakh-French forum on decarbonization in Astana (June)

·        1st Congress of members of the Civil Aviation Association of Kazakhstan (June).

·        VI International Transport and Logistics Business Forum New Silk Way (October)

·        V International Conference “Transport and Logistics Market” (October)

·        Conference “New Horizons for the Development of Turkish-Kazakh Economic Cooperation” (October)

·        Round table “Kazakhstan Global Investment Roundtable” (October).

·        International Civil Aviation Organization (ICAO) Round Table “Global Reporting Format” (November)

·        ICAO TRIP Regional Symposium (December)  

 

Among the key events of 2024 attended by the company's management, the following should be noted:

·        “Silk Road in the Sky – Kazakhstan Cargo Hub” – a forum on cargo transportation and logistics held under the auspices of The International Air Cargo Association (TIACA) (June 2024);

·        Regional seminar “Green Airports” organized by the International Civil Aviation Organization (ICAO) and ACI EUROPE (November 2024).

 

 

In 2025, we also ensured the provision of private medical insurance to the employees of Almaty International Airport and created a dedicated personnel cafeteria. Looking ahead, we are actively working towards the establishment of a medical center within the airport premises, intended to serve both airport employees and residents of the surrounding area. Our future plans also include the creation of at least 500 additional jobs in the vicinity of the airport, the development of car parking facilities for personnel—subject to the availability or allocation of appropriate land by the relevant State authorities—and the formation of an ACI (Airports Council International) accredited training center at Almaty Airport.

Over the next five years, with the active support of TAV Airports Holding, Almaty International Airport JSC plans to implement an investment program totaling USD 362 million. The key components and projects under this investment initiative include:

·        Construction of a new taxiway, reconstruction of existing terminals, and major overhaul of the runway;

·        Procurement of state-of-the-art ground handling equipment, including specialized vehicles for winter operations;

·        Construction of a new apron dedicated to cargo carriers and a facility for in-flight catering services;

·        Improvement and modernization of the airport’s fuel infrastructure, including the construction of warehouses and administrative buildings for government authorities;

·        Enhancement of passenger comfort through upgraded wayfinding systems, expanded parking areas, and the installation of modern X-ray screening systems;

·        Construction of an airport hotel and a multi-level car park;

·        Development and modernization of the airport’s IT infrastructure, including the renewal of key operational facilities and digital systems.

In addition, Almaty International Airport JSC is currently in the final stage of developing and approving the Master Plan for Almaty International Airport. This document outlines an updated layout of the airport, incorporating key facilities designed to ensure sufficient capacity and operational flexibility to accommodate the projected growth in air traffic, in line with the strategic development plans of the airport’s core airline partners.

The Master Plan envisions a phased expansion of the passenger terminal buildings, along with corresponding upgrades to the supporting infrastructure on both the airside and landside. It places particular emphasis on the development of critical facilities such as cargo operations, maintenance, repair and overhaul (MRO) complexes, and general aviation (GA) facilities. Furthermore, the Master Plan covers essential support functions, including ground support equipment (GSE) handling, utility systems as well as areas for commercial and ancillary developments.