Malaysian airport operator, Malaysia Airports Holdings Bhd (MAHB), have not yet finalized the sale of its stakes in the Istanbul Sabiha Gokchen (ISG) International Airport in Turkey.
The company is looking for strategic partners to operate the Turkish airport on the condition that the companies can help MAHB to get better airport tariff and bring in more airlines to ISG. The airport was able to accommodate up to 43 million passengers in 2018. The aim is to bring up to 41 million passengers after the completion of the airport’s boarding las year.
In 2008, MAHB acquired ISG and has developed the airport's capacity up to seven times in terms of passenger growth. In August last year, Turkish Airlines have expressed interest in buying the majority stakes in ISG from MAHB for a total consideration of EUR750 million (US$874.3 million).
Country updates
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March 19, 2019
Istanbul third mega airport sets to open in April
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March 13, 2019
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December 14, 2018
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Global Yatırım Holding sells 6.33% stake in ports subsidary through secondary placing
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July 24, 2018
Kanal Istanbul to be developed under public-private partnership
The Transport and Infrastructure Ministry of Tukey will deliver the project following the build-operate-transfer (BOT) model. It is expected that the construction of Kanal Istanbul, whi...
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