August 23, 2017 12:08 AM ET

Transportation Infrastructure

Company Overview of Tallinn Airport Ltd.

Company Overview

Tallinn Airport, Ltd. operates and develops an airport in Estonia. It offers passenger and cargo, airport, and private lounge services, as well as escort of VIP clients to/from the plane, check-in of the clients in the VIP lounge, border guard and customs proceedings in the VIP lounge, preflight security and preflight luggage security check in the VIP lounge, and information services. Tallinn Airport, Ltd. is based in Tallinn, Estonia.

Lennujaama 2

Tallinn,  11101

Estonia

Founded in 1992

Phone:

372 6 058 701

Fax:

372 6 058 333

Key Executives for Tallinn Airport Ltd.

Chairman of the Management Board
Financial Director and Member of the Management Board
Operations Director and Member of the Management Board
Development Director
Regional Airports Director
Compensation as of Fiscal Year 2017.

Tallinn Airport Ltd. Key Developments

Tallinn Airport to Open Extension of Passenger Terminal

Tallinn Airport is about to open a 4,000 square meter extension of its passenger terminal to passengers and the upper vehicular access level to vehicles and passengers. The airport will be ready for the EU presidency. The extension of the passenger terminal was designed and built by Astlanda Ehitus OU, winner of a public procurement tender, at a cost of EUR 5.2 million. As part of the works the floor area of the passenger terminal was increased by 4,000 square meters. For the passengers the biggest change is a new security check area at the southern end of the airport building which is double the size of the area used for that purpose earlier. In the summer work will continue on the new tram stop situated at the northernmost end of the terminal. The length of the security check lines in the new security check area is 17-20 meters instead of 11 meters earlier, which allows passengers more space to prepare themselves for the check and put their belongings together after the check. Five such lines are available to passengers. The throughput capacity of one line is approximately 230 persons per hour, provided that the passengers have correctly packed their cabin luggage and removed from the luggage electronic equipment, liquids and food. The throughput capacity of each of the present lines is approximately 120 people per hour.

Tallinna Lennujaam AS Reports Earnings Results for the Year 2016

Tallinna Lennujaam AS reported earnings results for the year 2016. For the year, the company's revenue increased 9.1% to EUR 36.9 million. Earnings before interest, taxes, depreciation and amortization increased EUR 1.4 million to EUR 13.7 million.

Tallinn Airport to Borrow EUR 24 million from Nordic Investment Bank

The Nordic Investment Bank (NIB) has signed a EUR 24 million loan agreement with Tallinn Airport to finance expansion of the airside traffic area and the development of other projects at the airport of Tallinn. The 13-year maturity loan will finance a major airside infrastructure improvement project, as well as other important projects, including the construction of a new parking facility and an aircraft painting hangar. The airside traffic area project is aimed at improving the airport's infrastructure capacity and minimizing the airport's impact on the environment. The new parking lot will provide a convenient facility for up to 1,200 passenger cars. The aircraft painting hangar will support the development of business segments important to Tallinn Airport. Tallinn Airport plans to invest a total of EUR 127 million in development projects between 2016 and 2020, of which EUR 70 million has been deemed eligible for funding from the EU Cohesion Fund. The EU Cohesion Fund will provide EUR 35 million of the EUR 70 million investment, the remainder of the funds will be obtained through equity finance and loans from NIB and EIB, among others.

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