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September 8, 2022

Greece weighs listing 30% interest in Athens International Airport

Nine investors were shortlisted by HRADF to sell the stake in the airport.

Greece is reportedly looking to list its 30% holding in Athens International Airport (AIA) on the Athens stock exchange, reported Reuters, citing a government official.

The move follows the review of the ownership of the largest airport in the country.

Greece has a 55% interest in the airport.

As part of a tender for the 30% stake divestment, nine investors were shortlisted by the country’s privatisation agency HRADF.

However, the government now plans a listing, according to the Greek prime minister’s chief economic adviser Alex Patelis told Real FM radio station, reported the news agency.

Since the outbreak of the pandemic, Athens has been evaluating options for the sale of a stake in the airport.

Greece owned the stake in the airport through HRADF and another state-run entity.

German airport manager AviAlliance holds a 40% interest in the airport.

Meanwhile, passenger traffic at AIA witnessed a significant improvement in August, lagging behind pre-pandemic 2019 levels by just 6.1%.

Athens Airport handled 2.85 million passengers last month.

Domestic passenger volume in August 2022 decreased by only 0.6% compared with the same period in 2019, while international passenger numbers dropped by 8.5%.

The airport registered passenger footfall of 14.7 million in the first eight months of this year, which is 15.1% lower than the same period in 2019.

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