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8. Future Prospects
The first period of the airport’s operation has been marked reduction of greenhouse gases and the development of
by high traffic growth with ample infrastructure capacity renewable energy sources.
enabling excellent quality of services and seamless passenger Furthermore, in 009, the new exhibition and conference
and aircraft services. As traffic is rapidly growing, the airport centre will launch operations, offering 50,000m of covered
is entering a period of increasing investment requirements space for exhibition events.
for optimisation of current capacity, while infrastructure Within 008, AIA’s IT&T Unit will participate in the installation
expansion (terminal, apron, car parking) now lies not very of the CUTE system in five regional airports in Greece. On
far ahead. top of the significant revenue stream, this project is part
Having asserted through the contractually agreed process of AIA’s initiative to develop business activities beyond the
that current terminal capacity is at 1MAP (Million Annual Athens International Airport confines, by capitalising on our
Passengers), the company has undertaken actions to ensure reputation, expertise and quality of services. Such external
such infrastructure is optimally used. Within this scope, business activities are undertaken with caution, avoiding
AIA will proceed with an investment aiming at increased unnecessary risks and exploiting opportunities in relation
utilisation of the Satellite Terminal Building (STB) and to our competitive advantages. Without compromising
improvements in the Main Terminal Building (MTB). This the smooth operation and sound business performance
project includes modifications of the STB for use as an of AIA, these activities aim at creating additional value to
exclusive Extra-Schengen terminal and improved access all our stakeholders.
from the MTB. Also, modifications will be made to the Continuing to apply our financial strategy under the
MTB in order to integrate the Satellite building into its objectives of increased flexibility, reduced financial expenses
operations, improve the terminal’s ambience and create and optimised liquidity, the company persisted in its
additional commercial space. Furthermore, AIA is evaluating efforts of improving its financial structure. In this respect,
the development of additional aircraft stands in the apron following relevant evaluation of all parameters, including
to accommodate future traffic needs in alignment with cash availability, future liquidity requirements and potential
our aeronautical strategy for profitable growth and value value added, AIA decided to proceed on 8th March 008
for money services. with the early repayment of the Commercial Loans (€77.
Early in 008, the expansion of the long-term car parking million outstanding balance).
facility will be completed, increasing the total car parking The new Business Plan that will be developed in 008 will
capacity to 7,000 positions. Based on forecast growth and encapsulate all the success of a 1-year old company, which
modal split patterns, this capacity is expected to suffice for is already among the most profitable enterprises in Greece
the demand up to 1MAP. At the same time, the Airport and a model airport company worldwide. It will also reflect
Company is investigating alternative options for further the prospects of further organic growth with potential
expansion of the car parking facilities to accommodate for additional value-adding activities, while facing the
future demand. It is expected that the concept for this future investment and capacity growth challenges with
future development will be available within 008, enabling a balanced financial structure and the ability to maintain
further planning activities to commence. excellent operational performance with exemplary efficiency
Within the framework of the EU Regulation 1107/006, factors.
as of July 008, the total responsibility for the service of With 007 being yet another year of significant traffic
disabled travellers and persons with reduced mobility will increase for the airport, and taking into account the aviation
lie with the airport operating companies. AIA is already industry’s cyclic nature, traffic in the year 008 is expected
cooperating with all involved authorities (HCAA, Greek to see a slower growth than the previous years, resulting
Action Committee for Disabled Persons, AUC) as well as in an annual passenger throughput of 17.11 million,
with the European Commission for the implementation corresponding to a forecast operating revenue and ADF
of the new regulation at our airport. This development of €40 million.
is yet another challenge and an opportunity to prove our
commitment towards the provision of the best possible
services to a sensitive part of society.
After positively assessing both the environmental and
financial benefits, the company has decided to proceed with
the construction and operation of a large-scale photovoltaic
park within the airport premises. Following the necessary
licensing and funding process, it is expected that the
development of the park will commence in late 008 or
early 009. The operation of the park will not only provide
additional revenues for AIA, but will also contribute to the
40
The first period of the airport’s operation has been marked reduction of greenhouse gases and the development of
by high traffic growth with ample infrastructure capacity renewable energy sources.
enabling excellent quality of services and seamless passenger Furthermore, in 009, the new exhibition and conference
and aircraft services. As traffic is rapidly growing, the airport centre will launch operations, offering 50,000m of covered
is entering a period of increasing investment requirements space for exhibition events.
for optimisation of current capacity, while infrastructure Within 008, AIA’s IT&T Unit will participate in the installation
expansion (terminal, apron, car parking) now lies not very of the CUTE system in five regional airports in Greece. On
far ahead. top of the significant revenue stream, this project is part
Having asserted through the contractually agreed process of AIA’s initiative to develop business activities beyond the
that current terminal capacity is at 1MAP (Million Annual Athens International Airport confines, by capitalising on our
Passengers), the company has undertaken actions to ensure reputation, expertise and quality of services. Such external
such infrastructure is optimally used. Within this scope, business activities are undertaken with caution, avoiding
AIA will proceed with an investment aiming at increased unnecessary risks and exploiting opportunities in relation
utilisation of the Satellite Terminal Building (STB) and to our competitive advantages. Without compromising
improvements in the Main Terminal Building (MTB). This the smooth operation and sound business performance
project includes modifications of the STB for use as an of AIA, these activities aim at creating additional value to
exclusive Extra-Schengen terminal and improved access all our stakeholders.
from the MTB. Also, modifications will be made to the Continuing to apply our financial strategy under the
MTB in order to integrate the Satellite building into its objectives of increased flexibility, reduced financial expenses
operations, improve the terminal’s ambience and create and optimised liquidity, the company persisted in its
additional commercial space. Furthermore, AIA is evaluating efforts of improving its financial structure. In this respect,
the development of additional aircraft stands in the apron following relevant evaluation of all parameters, including
to accommodate future traffic needs in alignment with cash availability, future liquidity requirements and potential
our aeronautical strategy for profitable growth and value value added, AIA decided to proceed on 8th March 008
for money services. with the early repayment of the Commercial Loans (€77.
Early in 008, the expansion of the long-term car parking million outstanding balance).
facility will be completed, increasing the total car parking The new Business Plan that will be developed in 008 will
capacity to 7,000 positions. Based on forecast growth and encapsulate all the success of a 1-year old company, which
modal split patterns, this capacity is expected to suffice for is already among the most profitable enterprises in Greece
the demand up to 1MAP. At the same time, the Airport and a model airport company worldwide. It will also reflect
Company is investigating alternative options for further the prospects of further organic growth with potential
expansion of the car parking facilities to accommodate for additional value-adding activities, while facing the
future demand. It is expected that the concept for this future investment and capacity growth challenges with
future development will be available within 008, enabling a balanced financial structure and the ability to maintain
further planning activities to commence. excellent operational performance with exemplary efficiency
Within the framework of the EU Regulation 1107/006, factors.
as of July 008, the total responsibility for the service of With 007 being yet another year of significant traffic
disabled travellers and persons with reduced mobility will increase for the airport, and taking into account the aviation
lie with the airport operating companies. AIA is already industry’s cyclic nature, traffic in the year 008 is expected
cooperating with all involved authorities (HCAA, Greek to see a slower growth than the previous years, resulting
Action Committee for Disabled Persons, AUC) as well as in an annual passenger throughput of 17.11 million,
with the European Commission for the implementation corresponding to a forecast operating revenue and ADF
of the new regulation at our airport. This development of €40 million.
is yet another challenge and an opportunity to prove our
commitment towards the provision of the best possible
services to a sensitive part of society.
After positively assessing both the environmental and
financial benefits, the company has decided to proceed with
the construction and operation of a large-scale photovoltaic
park within the airport premises. Following the necessary
licensing and funding process, it is expected that the
development of the park will commence in late 008 or
early 009. The operation of the park will not only provide
additional revenues for AIA, but will also contribute to the
40
