Fraport Sets Sights on 23 Smaller Greek Airports

Fraport Group, currently running 14 regional airports in Greece, has expressed interest in taking over the management of 23 smaller airports across the country.

Addressing the 2nd Imports and Transports conference this week, Fraport Greece CEO Alexander Zinell said the company was interested in exploring a collaboration with the government for the management of 23 smaller airports with the aim of increasing passenger traffic. The said airports belong to Greek assets body TAIPED.

“The model we’ve implemented justifies all our expectations,” Zinell said, adding that Fraport is ready to apply the knowhow it gained in the first year of management of the 14 regional airports to smaller facilities.

Fraport Greece CEO Alexander Zinell.

Earlier this year, the German operator which took over the 40-year management of the airports in April 2017 under its local company Fraport Greece, said its strong revenue for 2017 was driven by significant traffic growth at its airports with those in Greece boosting revenue by 234.9 million euros.

Greece’s Fraport-run airports handled 27.6 million passengers in 2017 breaking all records to date and employed 600 people.