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Hochtief Sells Stake In Athens International Airport

German construction company Hochtief has sold its airport management business HOCHTIEF AirPort GmbH, including the management of Athens International Airport "Eleftherios Venizelos," to a subsidiary of the Canadian Public Sector Pension Investment Board (PSP Investments).

Cuts In Airport Taxes May Help Airline Survival

Greece's government, in late December, announced measures to lower costs for the airline industry. It said this should help fortify the sector, which suffers more than most economic sectors after the September 11 terrorist attacks against the U.S. The attack continues to deter...