Only 2 small air­ports can woo in­vestors

Kathimerini English - - Focus - VANGELIS MANDRAVELIS

Araxos and Kala­mata are the only two out of the 23 small air­ports around the country that ap­pear likely to at­tract in­vestor in­ter­est, as the vast ma­jor­ity of them seem to be of very lit­tle com­mer­cial vale, ac­cord­ing to the val­u­a­tion com­mis­sioned by state pri­va­ti­za­tion fund TAIPED that was pre­sented yes­ter­day.

There are about five or six smaller airstrips that may at­tract mi­nor in­ter­est, such as those on the is­lands of Ka­lym­nos, Asty­palaia and Pat­mos, but the other 15 or 16 are cer­tain to be trans­ferred to the Pub­lic Hold­ings Com­pany (EDHS), a sub­sidiary of the new Hel­lenic Hold­ings and Prop­erty Com­pany (EESP). The fi­nal de­ci­sion rests with the gov­ern­ment and the su­per­vi­sory coun­cil of EDIS.

At TAIPED they say that or­ga­niz­ing a pri­va­ti­za­tion process for 21 out of the 23 air­ports will be “much ado about noth­ing.” They ac­count for just 5 per­cent of trav­el­ers ar­riv­ing in Greece by plane, while the con­ces­sion of the Araxos and Kala­mata air­ports is not ex­pected to fetch any more than 15 mil­lion eu­ros in to­tal.

The study pre­sented to TAIPED yes­ter­day showed that Araxos, near Pa­tra, has the ad­van­tage that large air­craft are able to land there, while Kala­mata has seen flight num­bers soar re­cently thanks to in­creas­ing tourism traf­fic in the south­west­ern Pelo­pon­nese.

Newspapers in English

Newspapers from Greece

© PressReader. All rights reserved.