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GreekReporter.comBusinessGerman Fraport Asks Greece to Respect Agreement on Regional Airports

German Fraport Asks Greece to Respect Agreement on Regional Airports

fraport708The finance director of Fraport, a German airports management company, expressed his optimism that the new Greek government will respect the 1.4 billion dollar agreement regarding 14 regional airports in Greece.
In an interview with the German business newspaper Boersen-Zeitung, Matthias Zieschang noted that Fraport believes that a possible Greek exit from the eurozone would be beneficial in the long-term for the Greek economy as it will boost tourism. The Greek currency may lose some of its value, however, in the long run the country will gain an advantage by offering lower prices.
Zieschang also said that Fraport expects to close the deal with Athens, as planned, in October. The agreement provides that the company will manage 14 regional airports along with the Greek energy firm Copelouzos.
“There is a clear timeline with the goal that we close in October this year,” Zieschang told German financial paper Boersen-Zeitung adding that: “We expect that we will conclude this contract.”
“Final details of the Greek airport contract have yet to be concluded,” he said, noting that Fraport expects to hold at least a two-thirds stake.

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