IC Holding starts negotiations for Istanbul Sabiha Gökçen Airport partnership

Istanbul Sahiba Gokcen Airport

IC Holding is in talks with Malaysia Airports Holdings Berhad (MAHB), which owns all the shares of the airport operator, to become a partner in Istanbul Sabiha Gökçen Airport, Bloomberg reported.

According to the report, citing sources close to the matter, the talks are still in the early stages and no deal has been finalized.

MAHB officials said they are entering into strategic cooperation with IC Holding.

The second runway of Istanbul Sabiha Gökçen Airport, which served 34 million passengers in the January-November period with an annual increase of 21 percent, was put into service with a ceremony held yesterday.

Sabiha Gökçen ranks third in Turkey in terms of passenger numbers, behind Istanbul Airport and Antalya Airport.

IC Holding, of which Imrahim Çeçen is the chairman of the board of directors, sold its 49 percent share in the operation of Antalya Airport to Tav Airports Holding for 360 million Euros in 2018.

IC Holding also operates Zafer Airport in Kütahya.

MAHB, which acquired the shares of the Indian GMR Group as of April 30, 2014 and Limak Investment as of December 31, 2014, holds all the shares of Sabiha Gökçen.

The triple consortium had acquired the 20-year operation right of Sabiha Gökçen in 2008 for 1.9 billion Euros.

Source: Sozcu

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