Greece to privatise 14 regional airports by the end of 2014

The management of 14 regional airports throughout Greece is set to be sold to private investors in the next two months, according to the Hellenic Republic Asset Development Fund (HRADF) schedule.

The companies participating in the competition for the airports are French firm Aeroport De La Cote d’Azur, the J&P Avax-Zurich Airport consortium, Athens International Airport, the Fraport-Copelouzos consortium, the Vinci-Ellaktor cartel, the Corporacion America-Metka consortium and the Advent Group. The firms will take over the management for a duration of up to 50 years.

By September 30, binding offers from potential investors will be submitted to HRADF.

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