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Investors Exit Istanbul’s Huge New Airport as Virus Halts Growth

  • Limak, Mapa exit Istanbul new aiport project after pandemic
  • Istanbul airport capacity set to reach 200 million passengers
Check-in counters during the official opening ceremony for Istanbul Airport in Istanbul, in Oct. 2018.
Check-in counters during the official opening ceremony for Istanbul Airport in Istanbul, in Oct. 2018.Photographer: Kostas Tsironis/Bloomberg

Smaller investors in Istanbul Airport, set to be the world’s highest-capacity hub when completed, have agreed to exit the project after the coronavirus pandemic slowed travel and delayed expected profits.

Limak Yatirim Holding AS and Mapa Insaat AS are each selling their 20% stakes in the operating company IGA Havalimani Isletmeleri AS, according to people with direct knowledge of the matter.