Fraport TAV Antalya Yatırım Yapım ve İşletme A.Ş., the joint venture between Fraport AG and TAV Airports Holding, has successfully refinanced its short-term loan with a new €2.5 billion facility, supporting its strategic development at Antalya Airport (AYT). The refinanced loan, with a maturity of up to 13.5 years, replaces an earlier short-term facility used to meet obligations under the new lease agreement, including an upfront concession payment and infrastructure development.

A major milestone under this expansion was the successful inauguration of the new Terminal 2 on April 12, 2025, in line with the planned schedule. The upgraded terminal is key to the airport’s goal of increasing capacity to 80 million passengers annually, positioning Antalya as a leading hub for international tourism on the Turkish Riviera.

The long-term financing was secured through a consortium of international development banks—including the Asian Infrastructure Investment Bank (AIIB), DEG, EBRD, and IFC—as well as major global and regional commercial lenders such as Alpha Bank, Bank of China, Deutsche Bank, and National Bank of Greece. Turkish banks, including Akbank, Garanti BBVA, QNB, TEB, Vakifbank, and Ziraatbank, also played a significant role in the arrangement.

Fraport AG, active in Antalya since 1999, and its partner TAV Airports Holding, secured a new 25-year concession in 2021 extending through 2051, with operations under the new agreement set to begin on January 1, 2027. The concession covers full terminal operations and related infrastructure such as retail, parking, and passenger security facilities.