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Government completes privatization of regional airports

The privatization of the 14 regional airports has officially completed, after the Government Council for Economic Policy convened…

The privatization of the 14 regional airports has officially completed, after the Government Council for Economic Policy convened on the 13th of August and approved the transaction, which was subsequently published in the government gazette.

According to the deal, which was singed by government VP Yannis Dragasakis, Finance Minister Euclid Tsakalotos, Economy Minister Giorgos Stathakis and Productive Reconstruction Minister Panagiotis Skourletis, Fraport will pay 1.23 billion euro to operate the 14 airports.

Initially the government wished to introduce changes to the terms of the tender, however no changes appear to have been introduced, based on the government gazette. This will be the first privatization of the SYRIZA-led coalition government.

The 14 regional airports included in the deal are those of Thessaloniki, Kerkyra, Chania, Kefalonia, Zakynthos, Aktio, Kavala, Rhodes, Kos, Samos, Mytilene, Myconos, Santorini, and Skiathos.

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