For Two years Fraport Greece Have Been Managing 14 Regional Airports in Greece

(Photo by Alex Kraus / laif)

On the occasion of two years from the day of the operation, management and development of the 14 regional airports, Fraport Greece presented the progress of the projects and the benefits to the Greek economy.

Work at the airports of Zakynthos, Kavala and Chania has been completed and passengers are now enjoying upgraded travel experience, new services, greater amenities and faster service.

By the end of the year, the upgrading and expansion projects will be completed at the airports of Samos, Mytilini, Rhodes, Skiathos, Aktio and Kefalonia.

The program for the upgrading and modernization of the infrastructure will complete the delivery of the new airports in Kos, Santorini, Mykonos, Corfu and Macedonia in Thessaloniki by 2021.

The benefits for the country from investing in support of the Greek economy are: a one-off advance of € 1,234 billion of the concession fee paid in April 2017, an annual concession fee of € 22.9 million. Annual variable concession fee 28, 5% of operating profits to and completion of the investment program, EUR 1 per departing passenger (approximately EUR 14 million for 2018) is attributed to the Greek State for the financing of the Civil Aviation Authority, the airports managed by the State and routes in the framework of the Ministry of Foreign Affairs and approximately 13 million euros per year for the provision of services by the Hellenic Fire Brigade and the Hellenic Air Force.

Moreover, since the start of the concession, Fraport Greece has also paid to the Greek State: social security contributions and taxes of EUR 21,201,594, income tax and other taxes amounting to 21,341,718 euros, while 15,267,908 euros will be paid within the 2019.

Within these two years, the number of employees is constantly expanding. Direct jobs have increased by 32% to 700, while jobs indirectly linked to company activity exceed 14,000.

In the context of the anniversary of the management of 14 airports by Fraport Greece, CEO Alexander Zinell said: “Two years ago Fraport Greece accepted a challenge that few would have undertaken: simultaneously upgrading 14 airports to less than four years. Each airport serves a unique destination and supports the most dynamic branch of the Greek economy: tourism. The delivery of new infrastructure within such a tight timetable and the significantly improved service level is a result that required team spirit and cooperation with many players. Therefore, I would like to express my gratitude to all employees of Fraport Greece for their dedication and commitment to the common vision. Also,


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