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Greece to Review Airport Privatization Deal

A-airport335_276295384Greece plans to review a 1.2 billion euro deal for German airport operator Fraport to run 14 regional airports, State Minister Alekos Flabouraris said.
The deal was part of the previous government’s privatization program. Fraport along with the Copelouzos Greek energy group would run regional airports in popular tourist destinations like Rhodes and Crete.
“The deal has not been sealed. We said it will be halted and we will review it,” Mr. Flabouraris said on Mega television.
“For us, airports are not a package to be sold, like the others did. Some of them can be run by the municipality, others by private individuals, we’ll see,” he added.
The state minister also said that the new government will review privatization contracts that have been already signed.
Fraport expected to close its agreement with the previous government in October.

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