Handelsblatt: Athens eyes privatization of another 23 regional airports around Greece; Fraport interest cited

Still state-run Kalamata has excellent growth prospects, according to Handelsblatt, given its proximity to the iconic Costa Navarino resort complex.

Handelsblatt: Athens eyes privatization of another 23 regional airports around Greece; Fraport interest cited

Handelsblatt this week, in a report from Athens, points to the Greek government floating the prospect of privatizing another 23 regional airports around the east Mediterranean country.

The same dispatch by the German financial daily reports that German multinational Fraport is also interested in expanding its presence in Greece.

Through a subsidiary, Fraport Greece, the multinational already holds the 40-year concession for 14 regional airports in the country – all of which service Greece’s best-known and visited holiday destinations.

Fraport finalized a 1.24-billion-euro deal with the then leftist SYRIZA government in 2017 to acquire the concessions, tacking on another 440 million euros for new terminals and upgrades, including on runways at the 14 airports.

The upgrade and modernization program was completed last February, three months ahead of schedule.

One specific airport was cited, one that was not included in the original “bundle” of 14 regional facilities, namely, the Kalamata airport in extreme southern Greece.

Still state-run Kalamata has excellent growth prospects, according to Handelsblatt, given its proximity to the iconic Costa Navarino resort complex.

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