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ADP affected by the closure of Istanbul Atatürk Airport

2020-02-10T19:16:47.140Z


The French group is showing good performance, but could suffer from the impact of the coronavirus in China.


2019 was a special year for the ADP group. First because it has become a political object with the project to organize a referendum on the privatization, or not, of the company, in which the State is now a 50.6% shareholder. The leaders of the group refuse to pronounce on this subject, waiting for the government to do so. This should be the case in March, when it will be official that the number of signatures to organize the referendum has not been reached.

But the year was also lively in terms of results. The number of passengers thus decreased by 16.7% in 2019 compared to 2018. In question, the closure of Istanbul Atatürk Airport in April. The Turkish government has decided to close the facility early to bring into service a new airport, which TAV, the subsidiary of ADP, does not operate. "There was no economic model to continue with the new Istanbul airport on the financial conditions resulting from the auctions," notes

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Source: lefigaro

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