Compensation for Ataturk Airport
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In our Public Disclosure made on April 08, 2019, we had announced that operations in Ataturk Airport were terminated before the end of the lease period on January 3, 2021 due to the opening of Istanbul Airport on April 6, 2019 and the amount of compensation for loss of profit for early termination of Ataturk Airport operations was being evaluated by State Airports Authority (DHMI), TAV Airports and independent consultants. We had also announced that we were expecting to receive a formal notification of the compensation amount from DHMI.
The compensation amount has been calculated as a result of the evaluation process carried out between DHMI, TAV Airports and independent consultants. Our Company has received a formal letter from DHMI, specifiying that the compensation amount due to our Company is 389 million euros.