airBaltic and TAV Sign a Memorandum of Understanding

Thursday 10, June 2010


airBaltic and TAV Sign a Memorandum of Understanding


Today the Latvian national airline airBaltic has signed a Memorandum of Understanding with the TAV Airports Holding A.S. as a Joint Venture partner on a 50:50 shareholding basis for the development, construction and operation of a new passenger terminal at Riga International Airport.



airBaltic President and CEO Bertolt Flick: "TAV is a respected international company with excellent track-record in airport construction and operation. Havas, a daughter company of TAV Airports Holding, is currently present at Riga International Airport as 50% owner of North Hub Services, a ground handling services provider. If the new terminal project is to move forward, airBaltic would prefer TAV as a partner."


TAV’s CEO and President, Dr. Sani Şener commented: "Riga International Airport has been experiencing a continuous growth in passenger numbers throughout the second part of the decade and airBaltic is the focal point of the growth with its impeccable record in customer services and continuous dedication to operational excellence. Furthermore, our recent involvement in NHS has been a testament to our continuing interest in the development of Riga International Airport. Therefore, we would welcome the opportunity to be involved as a partner with airBaltic for the possible development of a new terminal in Riga International Airport."


airBaltic and TAV have signed the Memorandum of Understanding during the international aviation conference "North Hub Riga", held in Riga on June 9 and gathering over 200 participants from about 30 countries in Europe, CIS and the Middle East.


airBaltic has been selected for ANNIES award as the Europe's largest flag carrier by new routes, operating this summer 27 routes more than in 2009. airBaltic serves 80 destinations from its home base at Riga, Latvia. From every one of these, airBaltic offers convenient connections via North Hub Riga to its network spanning Europe, Scandinavia, Russia, CIS and the Middle East.




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