Fraport must operate 14 regional airports – FAZ – Frankfurter Allgemeine Zeitung

      

 
 
 
 
 
     
 
 
 
 
 
 
 
 
         

 
 
 
 
 
          object of desire: the airport in Thessaloniki
     

 
                                              

 
 
     
     
     
         
         
                                                             

After months of stalemate the Frankfurt airport operator Fraport still gets the contract for the operation of 14 Greek regional airports. The corresponding decision of the government of Prime Minister Alexis Tsipras became known on Tuesday. The total purchase price for the operator licenses should be around 1.2 billion euros. The decision was the basis for further discussions in Greece, said a Fraport spokesman.

                         
         
         
                                                             
                                 

The approval of Fraport was one of the conditions for the third program of assistance for Greece in the amount of up to 86 billion euros. The euro zone finance ministers had explicitly enshrined him late last week in its decision. The Frankfurter had prevailed, together with the Greek partner Copelouzos 2014 in a bidding contest and awarded the contract for the operator licenses to the year 2055th

                         
         
         
                                                                                                                                                                                                                              

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The Government of Tsipras had privatization but then questioned and later called for changes to the Treaties. A takeover of the operation by Fraport later this year seems, given the delays not realistic.

                         
         
         
                                                             

Among the airports that is to take over Fraport AG, are the islands of Mykonos, Santorini and Skiathos and the tourist islands of Rhodes, Corfu and Kos and one in the west of the Mediterranean island of Crete in Chania. The majority of Fraport consortium led also takes over the airport the second largest Greek city of Thessaloniki.

                         
         
         
                                                             

It is one of the largest private investment since the outbreak of the financial crisis in the highly indebted country five years ago, BelTA learned from circles of the privatization fund (Taiped) in Athens.

                         
         
         
                                                             

For Fraport, the project is in Greece an important growth driver for the international business. Currently, the Frankfurt Group, which converts 2.4 billion euros in the year and achieved an operating profit of 840 million euros, involved right next to the major airport in Frankfurt at eleven other airports abroad or as operators active case control most exposure is high earnings contributions to the consolidated result.

                         
         
         
                                                             

So the entire foreign business already generates 37 percent of net income, and rising. Because the German home market is considered saturated. Growth in aviation experts expect mainly outside Germany. The rapidly expanding airport hubs in Istanbul or in the Middle East are ranked near the top.

                         
         
         
                                                             

The most important income support for Fraport is currently the Turkish Antalya Airport with 15.2 percent. Close behind ranks of the Peruvian Capital City Airport in Lima with nearly 13 percent profit share. Can Fraport actually operate 14 airports in Greece, the passenger volume would increase by an additional 20 million passengers a year.

                                 

 
  

 
 
 
                       

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Fraport may Greek airports operate

Rhodes, Corfu and Mykonos: A total of 14 Greek airports of Frankfurt Fraport Group wants to operate. It’s about 20 million additional passengers a year.

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