The Athens International Airport “Eleftherios Venizelos” (AIA) announced it will be going public in a statement released on Monday.
According to a relevant announcement by the company, the operator of the largest airport in Greece, disclosed its plan to list its common shares on the Main Market of the Athens Stock Exchange (ASE).
The airport accounts for approximately 35% of the country’s total air traffic, serving over 28 million passengers in 2023. Passenger traffic has already surpassed pre-Covid-19 levels, outperforming the recovery performances of many European airports.
The Company operates as a private sector commercial enterprise, with the Greek government holding a majority stake of 55%, of which 30% is in the hands of the Hellenic Republic Asset Development Fund (“HRADF”), and the remaining 25% by the Hellenic Corporation of Assets and Participations S.A. (HCAP).
AviAlliance holds the lion’s share (40%) of the remaining 45%, the largest private shareholder in AIA, while the Copelouzos family holds the remaining 5%.
Among the key investment highlights included in the announcement is the company’s commitment to shift to clean energy as it has already achieved the reduction of its CO2 emissions by 60% compared to 2005. “AIA has committed to reaching its Net Zero target by 2025 following the implementation of several initiatives, having achieved carbon neutrality status since 2016, and maintaining a recycling rate of over 70% across the Airport.”
The Chairman of the Board of Directors, Riccardo Lambiris stated that the listing of AIA on the Athens Stock Exchange is a crucial step in the Company’s development, as it enhances “our business activities through an updated governance model that reflects market best practices.”
Yiannis Paraschis, CEO of AIA, commented, “I am particularly pleased with the prospect of AIA’s listing on the stock exchange, as it is expected to be a milestone for Greece and our sector.”
Source: tovima.com
Latest News
Athens in Top 10 Best Value City Breaks
Every year, Post Office Travel Money compares the costs of short breaks in cities across Europe for UK holidaymakers
Athens Int’l Airport: Americans Lead Total Passenger Traffic in Q1
According to the data processed by AIA, the top 10 in foreign arrivals are dominated by Americans, followed by the British and Germans. Other top nationalities include Cypriots, Italians, French, Dutch, Israelis, Poles, and Turks.
Greek PM Mitsotakis and Turkish President Erdogan Meet in Ankara Today
No major developments are expected, as the key aim of the meetings between the two leaders is to maintain positive diplomatic relations, but Greece is always vigilant for any surprises from the Turkish leader.
New Athens Metro Line Hopes to Alleviate Heavy City Traffic
The massive project is expected to be completed in 2029
National Intelligence Agency DG to Accompany Greek PM to Ankara
Prime Minister Mitsotakis also gave an interview to Turkish newspaper Milliyet regarding his upcoming visit
Draft Bill Eyes Detection of Uninsured, Poorly-Maintained Vehicles in Greece
According to reports, at least half a million vehicles in Greece are uninsured, while the number of those without inspections is unknown
AIA: Passenger Traffic Up by 16.3% in April
Passenger traffic at the Athens International Airport (AIA) amounted to 2.49 million during April 2024
Fitch Solutions: Greece Set to Welcome 40 Million Tourists Annually by 2028
However, Fitch Solutions highlights concerns about overtourism, cautioning that it could strain Greece's capacity to deliver quality services, potentially leading to neglect of popular destinations
ELSTAT: Q1 Exports Down 11% – Trade Deficit Up 8.7%
Amid international uncertainty and armed conflicts in Gaza and Ukraine in 2023, Greek exports continued to decline, ending the year with an 8.5% drop
The Worst European Cities for Pickpocketing – Where is Athens?
The data was presented by London-based travel insurance company Quotezone