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Fraport

Parliament's Draft Budget Postpones Privatization Revenues Until 2017

Parliament tabled a draft budget for the major privatization projects on Monday, reasoning that the state will not be able to see substantial revenues into coffers until 2017 when they are completed. Privatization revenues from projects such as the regional...

Fraport Greece Moving Forward in 14 Regional Airports, Welcomes Ratification of Contracts

On Monday, the Greek parliament concluded ratification of contracts for the concession of 14 regional airports, a move welcomed by Fraport as they noted that this is one of the biggest investments in Greece. The contracts for the concession of the airports...

Fraport Promises 20,000 Jobs in Greece's Regional Airports

The Fraport-Copelouzos consortium that took over 14 regional airports in Greece promised 20,000 jobs at the presentation of Fraport Greece on Monday. The German-Greek investment deal was signed in December as part of a series of privatizations carried out by...

HRADF Signs Contract with Fraport

Greece's privatization agency HRADF signed on Monday a contract with Germany's FRAPORT AG- SLENTEL Ltd to operate 14 regional airports. The contract concerns the airports of Thessaloniki, Aktio and Kavala as well as those of Corfu, Chania, Cephalonia, Zakynthos,...

Greece Will Not Go Down on Price of Regional Airports

Greece will not go down on the price agreed on for the sale of 14 regional airports to German company Fraport, said HRADF head Stergios Pitsiorlas. The deal for the sale of state-owned airports of major cities and top tourist...

Greece to Miss the 2015 Privatization Revenues Target

The privatization program is not likely to reach its revenues target for 2015, said head of the Hellenic Republic Asset Development Fund (TAIPED), Stergios Pitsiorlas. Pitsiorlas talked to Reuters saying that the privatization deals are progressing despite the pre-election period,...

Greek Regional Airports Deal Back to Negotiating Table

The first privatization of the SYRIZA-ANEL coalition government is not finalized yet as German company Fraport, which has agreed to take over operations of 14 regional airports, now asks for guarantees, claiming political instability concerns. Fraport claims it has difficulty raising investment funding...

German Company Set to Take Over Operations of 14 Greek Airports

Following the finalization of the third Greek bailout, privatizations and operation takeovers of Greek pubic assets are expected to recommence. Greek newspaper "Kathimerini" reported that German Fraport AG and Slentel Ltd will soon complete the takeover of the operation of 14 Greek airports. The...

Fraport Says Unclear if Greek Airport Deal Will be Completed

Fraport, the operator of Frankfurt airport, said it was unclear if and when a deal to operate 14 Greek regional airports in tourist destinations would be completed, after reporting slightly better than expected first quarter results, according to Reuters...

German Fraport Asks Greece to Respect Agreement on Regional Airports

The 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,...