TAV Concludes Financing For EUR 250m Long Term Loan

TAV Concludes Financing For EUR 250m Long Term Loan

 

On November 30, 2012, TAV EGE Terminal Yapım ve İşletme AŞ (TAV EGE) , a special purpose company owned by TAV Airports, signed loan documents with a group of banks, securing EUR 250m long term project finance facilities for the purpose of building a brand new domestic terminal in Izmir’s Adnan Menderes Airport.

This transaction constitutes a landmark in terms of size, importance and sophistication in the region. The Project is designed to complement the concession of TAV, which already has the right to operate the International Terminal until 2015. TAV Ege will take-over the rights of International Terminal on 2015 and together with Domestic Terminal, will operate the overall terminal facilities of Adnan Menderes Airport until 2032.

European Bank for Reconstruction and Development (EBRD) arranged EUR 70m from the Bank’s own A-loan account, Unicredit and Siemens Bank participated into EBRD’s B-loan with EUR 40m and EUR 35m stakes respectively. Additionally, DenizBank contributed with EUR 65m and Black Sea Trade and Development Bank (BSTDB) with EUR 40m. Financing package comprises of two maturity groups with 15 years and 16 years respectively.

TAV Airports Holding President & CEO M. Sani Sener stated, "As TAV Airports, we are proud to witness the support coming from such esteemed group of financial institutions. Especially the interest shown by foreign lenders in covering 75% of the funding package, is remarkable. As an illustration, EBRD is executing their first Turkish airport financing deal. Maturities provided in the deal are above 15 years which is rarely seen in Turkish debt market. Once again, we are glad to prove the financial institutions’ continuing trust in TAV, Turkish transport sector and the economy. Our goal to pioneer the aviation sector prevails.”

DenizBank CEO Mr. Hakan Ateş stated: “it is a source of pride for us to be the only Turkish Bank contributing to the financing of the new domestic terminal to be constructed in Izmir Adnan Menderes Airport. We believe that the investment to which we participate with a financing contribution of EUR 65 million will provide significant benefit for the tourism of the region and the country. DenizBank will be both the domestic and the international account bank of the said financing transaction in scope of the signed protocol and all cash flow of the project will go through DenizBank A.Ş. and DenizBank AG accounts. Besides, we will open a special branch for Izmir Adnan Menderes Airport and provide all banking services for airport passengers and personnel and assist them in foreign exchange buy/sell transactions. Our Bank which has significant experience in project finance will continue to contribute to these types of projects that add value to our country. I hope that the agreement will be beneficial for all parties and our country.”

Having submitted the best offer at the tender called by DHMI on November 17th, 2011, TAV affiliated company TAV Ege won the operation rights of the domestic terminal until 2032 at a price of 610 million Euros + VAT. Following the takeover of the operation by TAV Airports, the domestic flights were moved to the existing international terminal as of the beginning of the New Year to accommodate the work to be carried out. According to data issued by DHMI, Izmir Adnan Menderes Airport provided service to 9,295,290 passengers last year for an increase of 11 per cent. There are currently direct flights to 119 destinations, including domestic and international flights, in 35 countries from Izmir Adnan Menderes Airport. Adnan Menderes is the sole airport serving Izmir, the third largest city in Turkey after Istanbul and Ankara, and the third largest commercial center in the country. It has a significant industrial base and is responsible for almost 10% of Turkey’s total industrial production. Adnan Menderes Airport is a solid asset that has displayed strong growth over the last decade.
Main features of the terminal:

  • 74 check-in counters
  • 37 elevators
  • 30 escalators and 666 meters of travelators
  • 5,000 bag per hour capacity
  • A total of 291,267 square meter construction area

Deal Info Card:
Signing Date:                                                November 30, 2012
Location:                                                      Izmir, Republic of Turkey
Concession type:                                          21 year concession under a Lease structure
Grantor:                                                       DHMI (State Airports Authority)
Sponsor:                                                      TAV Airports,
Debt Facility:                                                EUR 250.000.000 long term project finance loan
Arrangers:                                                    EBRD, DenizBank, Unicredit, BSTDB, Siemens Bank
Bank Roles:                                                 Unicredit (Coordinating and Structuring Bank)
EBRD (Environmental Bank), DenizBank(Account Bank)
Sponsor’s Legal Adviser:                             Clifford Chance, Sibel Ertekin Law Office
Lenders’ Legal Adviser:                               Latham & Watkins, Fidan & Fidan Law Office
Lenders’ Technical Adviser:                         Mott MacDonald UK

 

Covid19: Travel Safe

We recommend that you arrive at the airport at least 2 hours before your flight for domestic flights, and 3 hours for international flights.

PLEASE NOTE!
For PCR Test; Kindly take into consideration the periods required for sample collection according to the destination countries at the sample collection centers within the airports and apply 24 hours before considering laboratory procedures.
Izmir Adnan Menderes Airport State hospitals
Public Health Directorate Dokuz Eylul University Research and Application Hospital
Ege University Hospital (Application and Research Center Balçova District Health Directorate
Bayraklı District Health Directorate Bergama District Health Directorate
Bornova District Health Directorate Buca District Health Directorate
Çiğli District Health Directorate Menemen District Health Directorate
Karabağlar District Health Directorate Karşıyaka District Health Directorate
Konak District Health Directorate Ödemiş District Health Directorate
Urla District Health Directorate Torbalı District Health Directorate
Accommodation facilities*  
İEU Medical Park Hospital  
Tınaztepe Hospital  

*Only applicable for the guests of the facility. Names of the accommodation facilities with sample collection service can be accessed via Provincial Directorate of Culture and Tourism and the facility.

Between 10.00 AM and 12.00 PM at District Health Directorates
Between 3.00 PM and 5.00 PM at Public Health DirectorateWithin the working hours at hospitals
24/7 at Adnan Menderes Airport
Between 10.00 AM and 12.00 PM at Ege University Hospital (Application and Research Center)
Between 10.00 AM and 12.00 PM at Dokuz Eylul University Research and Application Hospital
Please ask for further information at the accommodation facilities.

PLEASE NOTE!

Kindly take into consideration the periods required for sample collection according to the destination countries at the sample collection centers within the airports and apply 24 hours before considering laboratory procedures.

Those who will be tested shall document that they are traveling abroad and present their payment bills for testing together with their IDs.

250TL for samples collected at the test centers.

The fee for the test shall be paid to the;

İZMİR INSTITUTIONS REVOLVING CAPITAL

TAX OFFICE: KONAK TAX OFFICE

TAX NUMBER:4840722040

HALK BANK BASMANE Corporate Branch account

IBAN NO: TR240001200973300005000046 of Directorate General of Public Health.

Test results are uploaded to e-nabız (e-pulse) system in both Turkish and English and shall only be followed up online, no printed papers are provided. If you are a Turkish citizen, test results can be accessed by entering the last 4 digits of the IDs to the system; and if you are not a Turkish citizen, test results can be accessed by entering the last 4 digits of the passport number to the system.

Test results can also be accessed by passengers via E-Nabız (e-Pulse) application.

Test results are signed electronically. No other signature is required.

Guests with positive PCR test results shall immediately inform the management of the facility that they have accommodated, As well as the information units for passengers who provide samples for testing. .

All waiting areas at our airport are configured as for you to keep your safe physical distance with others. Please follow instructions and signage.

Boarding will begin from the back of the aircraft and proceed to front row seats. Please wait for your turn.

Boarding pass and ID checks are configured to minimize contact with others.

Passengers without masks won’t be allowed to board the airplane.

The prayer areas at our airport are configured as for you to keep your safe physical distance with others. Please follow instructions and signage.

The duty-free at our airport are configured as for you to keep your safe physical distance with others. Please follow instructions and signage. Wearing a mask is obligatory at duty-free shops.

Duty-free areas and storage areas are frequently disinfected.

We recommend using contactless payment options.

International arrival passengers will have their body temperatures checked and in case of suspicion, passengers will be directed to the health units.

All arrival areas at our airport are configured as for you to keep your safe physical distance with others. Please follow instructions and signage.

Baggage conveyor systems are disinfected frequently.

The F&B points at our airport are configured as for you to keep your safe physical distance with others. Please follow instructions and signage. Wearing a mask is obligatory at F&B points.

F&B areas, kitchens and storage areas are frequently disinfected.

We recommend using contactless payment options.

The lounges at our airport are configured as for you to keep your safe physical distance with others. Please follow instructions and signage.

During this phase, some facilities at our airport may be closed to service. For detailed information: www.primeclass.com.tr

Until further notice, only passengers and airport staff will be allowed inside the terminal. Please wait in the carpark to welcome guests.

No, you can still check-in to your flight when you arrive at the terminal. On the other hand, for a faster and safer experience, we recommend to complete your online check-in before arriving at the terminal, whenever possible.

To protect yourself and others, you are required to wear a mask at all times during your journey in the airport. Passengers without a mask will not be allowed inside the terminal and will not be able to board the plane. Irregularity to comply with this rule may result in penalties.

We kindly remind you to wear a mask during your trip to and from the airport with public transportation.

The precautions taken at our airport can be grouped under three main areas.

Firstly, we have mapped the movement of passengers and staff inside the airport and configured a flow that would enable everyone to keep safe physical distance with other in every step of the way. Secondly, we have increased the frequency of disinfection and hygiene works. Thirdly, we have made arrangements to minimize contact between passengers and airport staff.

Aviation is a highly regulated industry due to the global character of the business. In Turkey, the precautions to be taken at airports against COVID-19 are defined in the “Airports Pandemic Precautions and Certification Circular”, issued by the Directorate General of Civil Aviation (SHGM). We have implemented these precautions fully at our airport.

As TAV Airports, our global footprint reaches 100 airports in 30 countries. Through this know-how, we have implemented precautions that go beyond legal requirements. Our staff is trained regarding the new regulations and code of conduct.

We have implemented signage for you to keep your physical distance with others during security control. Please adhere to directions.

X-ray machines and trays are disinfected frequently.

Your body temperature will be checked with thermal cameras upon entering the terminal. Anyone with a body temperature above 37.5C will be directed to the health authorities. We kindly remind you to put on your mask before entering the terminal building.

Useful Information

Parking
Parking

Your way to a secure parking space! Benefit from the attractive online parking offers of Adnan Menderes Airport

Flight Information
Flight Information

Real-time information of arrival and departure flights at Adnan Menderes Airport

Shopping & Dining
Shopping & Dining

See the full range of shops in our shopping universe. At the airport, you'll find a great selection of shops within fashion, electronics, design, and souvenirs

Frequently Asked Questions

Yes, there is. The bag storage facilities in the International Terminal are open 24 hours a day, 7 days a week.
Please click here for detailed information.
The Consular Office for issuing visas is located on the Arrivals Floor of the International Terminal, in the transit area before the passport check point. It is open 24 hours a day, 7 days a week and the contact phone is +90 232 455 00 00/ Ext: 3603. Click here for the map.
For detailed information on customs procedures you can either visit www.gumruk.gov.tr or call +90 232 455 00 00/ Ext: 1930.
The distance between the Domestic and International Terminals at Izmir Adnan Menderes Airport is approximately 5 minutes on foot. By using the travelators, going to the Domestic and International Terminals is very easy. Click here for the map.
No.
The Departure Fee Stamp from the Ministry of Finance can be obtained from the desk next to the Information Desk on the Departures Floor of the International Terminal.

For information about the Departure Fee Stamp: +90 (232) 455 00 00 Ext: 3602

Note: Departure Fee Stamp payment should be made before passport control.

The Tax-Free Office is located at the International Terminal. You should go there to complete the required procedures. After you are finished there, you can obtain a refund from the Tax-Free Office desk next to the Information Desk.
The TAV Lost and Found Office is at the International Terminal and is open 24/7.

Telephone: 0232 455 00 00 / Ext: 4690

No.