Greek Regional Airport Privatization Under Way

Greek Regional Airport Privatization Under Way

27 June 2013

The regional airport sector in Greece consists of 37 airports, including Thessaloniki, the 2nd largest Greek city and a commercial entrance point to the Balkans/Central Europe, and the airports of Rhodes, Corfu, Chania, Kos, Zakynthos, Santorini, Mytilini, Samos and Mykonos, which attract the majority of international tourism.

Currently, all regional airports are state-owned without any corporate structure and supervised by the Hellenic Civil Aviation Authority (HCAA). They possess significant hidden value stemming from possible better use of airport infrastructure and from real estate and other commercial developments/activities that are now under-developed or under-utilized. Their upgrading would enhance Greece's tourist destination profile.

The government promotes the regional airports’ operational independence through their grouping in clusters which will then be subsequently privatized on a concession basis, or otherwise monetized through one or a series of transactions. Following such privatization, HCAA will retain its role as regulator of aeronautical services and provider of air-traffic control services.

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