Agreement for the privatization of 14 regional airports signed

The privatization of 14 regional airports in Greece has been finalized with the signing of the agreement between the Fraport…

The privatization of 14 regional airports in Greece has been finalized with the signing of the agreement between the Fraport AG/Kopelouzos Group joint venture and the state privatization fund TAIPED.

According to the agreement, the joint venture will operate the 14 airports for 40 years as of autumn 2016, at which point it will make a 1.2 billion euro payment. A 22.9-million-euro rent will be paid yearly and the joint venture will also have to carry out 330 million euros worth of investments by 2020.

In 2014 the 14 regional airports serviced 22 million tourists, while in 2015 the figure is expected to exceed 23 million euros. About 77% of arrivals are from abroad.

Of the14 privatized airports, 3 are on mainland Greece at Aktio, Kavala, Thessaloniki, while the other 11 are on islands: Kerkyra, Chania, Kefalonia, Kos, Mytilene, Myconos, Rhodes, Samos, Santorini, Skiathos and Zakynthos.

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