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Smaller Greek Airports Next in Line for Modernization

Alexandroupolis Airport. Photo Source: @axdairport

The Greek government is set to launch the next round of airport privatizations with media reporting interest by Fraport Greece and India’s GMR Airports Limited (GAL).

The announcement comes after the launch of works on the new Kastelli Airport on Crete, by GMR, and in view of nearly completed upgrades at 14 regional airports under Fraport Greece management.

The next round concerns 23 smaller regional airports, namely those of Alexandroupolis, Araxos, Astypalea, Chios, Ikaria, Ioannina, Kalamata, Kalymnos, Karpathos, Kasos, Kastelorizo, Kastoria, Kozani, Kythira, Leros, Lemnos, Milos, Nea Anchialos, Naxos, Paros, Sitia, Skyros and Syros, and first in line will be those handling the greatest traffic.

First in terms of traffic – handling more than 100,000 passengers annually – are the airports of Karpathos, Chios, Kalamata, Alexandroupolis, and Araxos.

Handling 30,000-100,000 passengers are the airports of Lemnos, Ioannina, Milos, Naxos, Paros, Ikaria, and Kythira.

Meanwhile, there is limited investor interest for the country’s smallest airports (under 30,000 passengers a year) – those of Leros, Sitia, Nea Anchialos, Kalymnos, Skyros, Syros, Astypalaia, Kastellorizo, Kastoria, Kaso, and Kozani.

According to local media reports, Fraport Greece appears to be interested in Volos‘ Nea Aghialos Airport particularly after plans announced by the government for the upgrade of the coastal town’s port and in view of expected increases in passenger traffic.

Fraport Greece CEO Alexander Zinell had expressed the company’s interest in exploring a collaboration with the government for the management of the 23 smaller airports in 2018.

Meanwhile, the Greek transport ministry said it would be naming a financial advisor in the coming period in order to move ahead with the exploitation of the airports.

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About the Author
Chicago-born and raised, Maria Paravantes has over two decades of journalistic experience covering tourism and travel, gastronomy, arts, music and culture, economy and finance, politics, health and social issues for international press and media. She has worked for Reuters, The Telegraph, Huffington Post, Billboard Magazine, Time Out Athens, the Athens News, Odyssey Magazine and, among others. She has also served as Special Advisor to Greece’s minister of Foreign Affairs, and to the mayor of Athens on international press and media issues. Maria is currently a reporter, content and features writer for GTP Headlines.

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