Fraport-TAV seeks up to $1.7b loan for Antalya Airport

The German-Turkish joint venture that won a contract to run Turkey’s second-busiest airport in Antalya is seeking to borrow as much as E1.5b to finance the down payment, according to people with knowledge of the matter. Turkey’s TAV Havalimanlari Holding and German partner Fraport will set up a special purpose vehicle company to sign the airport contract with the Turkish airport authority known as DHMI, said people, who declined to be named because discussions are private. The joint venture will have three months to make the payment after the lease is signed with DHMI and is in talks with Turkish banks for the financing, the people said. It won the contract to run the Antalya airport for 25 years with a E7.25b offer, the second biggest on record for such a deal in Turkey.<br/>