📋 Tender Overview
Project ID: 54539
Status: Disbursing
Location: Türkiye
Business Sector: Transport
Notice Type: Private
Project Description
The provision of a loan of up to EUR 18.0m to Celebi Hava Servisi A.S. (the "Company" or the "Borrower"). The Bank's proceeds will be used to acquire electrical ground support equipment and to convert existing conventional ground support equipment into electrical over the 2024-2025 period in ten airports in Türkiye, namely Ankara, Antalya, Balikesir, Bodrum, Cukurova, Dalaman, Istanbul, Izmir, Sabiha Gokcen, and Trabzon airports ("Project").
Project Objectives
The Project aims to support the Company in advancing the electrification and decarbonisation of its operations while upgrading its handling capacity across multiple stations in Türkiye.
Transition Impact
ETI score: 66
The Project's transition impact is driven by the following key areas:
Green: 100% of the EBRD's proceeds are in line with the Bank's Green Economy Transition ("GET") approach. The Project will facilitate achieving CO2 emission savings and enhancing the Borrower's corporate climate governance ("CCG") practices.
Competitive: The Project will contribute to cost efficiencies by reducing operational expenditures per unit of equipment by at least 50% through the adoption of electrically powered, energy efficient ground support equipment with high torque.
Client Information
CELEBI HAVA SERVISI AS
Celebi Hava Servisi A.S., the Borrower, is the first privately-owned ground handling service provider in the Turkish aviation industry established in 1958. The Company provides ground (passenger) handling, cargo handling and warehouse management, and operation services across Türkiye, India, Hungary, Germany, Tanzania, and Indonesia. About 90% of the Company's shares are owned by Celebi Havacilik Holding A.S., which is jointly controlled by the Turkish Celebioglu Family and Türkiye-based private equity firm Actera Group. The remaining shares are publicly traded at Borsa Istanbul since 1996.
