Athens International Airport Concession Agreement
The project focuses on extending airport capacity to 50 million passengers per year until the concession of the 26 million passengers currently per year expires. AIA is the largest airport in the country and one of the main infrastructure. In 2018, 24 million passengers were cleared, including 16.4 million international passengers. For more information about AIA, please visit the website: www.aia.gr. A public international tender is currently under way for the sale of 30% of AIA`s capital held by HRADF. The call for tenders attracted the interest of some of the major international players. It is estimated that further development of the airport and the expected increase in tourism could result in the creation of approximately 180,000 new direct and indirect jobs throughout the country. At the same time, the current agreement is expected to enable AIA to make a total investment of around 2.9 billion euros, given that the expansion of passenger and tourism trends is very positive. The additional CAPEX plan focuses on the expansion of airport capacity, which will gradually increase passenger capacity from 26 million passengers per year to 50 million passengers per year by the end of the concession period, and will include terminal extensions, new aircraft car parks, road network development, etc. Since 2001, AIA has been able to record sound financial performance and offer financial and non-financial value to all parties involved. Although the airport was affected by the state`s financial crisis, the company addressed the challenges of the market. It protects its financial capacity without compromising the quality of its services and its operational security. As a result, AIA will continue to bring considerable added value to all parties involved and to the Greek economy and will remain an asset with prospects for the future.
In order to deliver sustainable value to all stakeholders by providing services at affordable prices, AIA pursues a successful development strategy in both the aviation and non-aeronautical sectors. With one of the most advanced marketing assistance and incentive programs, AIA ensures the sustainability and development of national, regional and international transportation and works closely with home and international airlines, older airlines and LCs. In the non-aeronautical sector, AIA offers advanced and far-reaching development initiatives, from high-quality products at commercial terminals to its real estate assets. AIA`s IT and telecommunications system and business activities are outstanding examples of technological and commercial know-how. True to its sector, AIA exports the company`s pioneering know-how to aviation partners around the world. Given the increase in tourist flows to the country, AIA has already announced that it will invest an additional EUR 2.9 billion for additional modernization work during the concession phase. Currently, as stipulated in the agreement, work to expand the airport`s capacity to 50 million passengers per year, up from 26 million currently by 2046, including terminal extensions, new aircraft car parks and modernized road networks.