airBaltic and TAV sign MoU to build new Riga terminal

Latvian national airline airBaltic has signed a Memorandum of Understanding with TAV Airports Holding to create a 50:50 joint venture which will develop, construct and operate a new passenger terminal at Riga International Airport.

airBaltic president and CEO Bertolt Flick, remarked, “TAV is a respected international company with an 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 (NHS), 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 ?ener 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 welcome the opportunity to be involved as a partner with airBaltic for the possible development of a new terminal in Riga International Airport.”

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