Page 12 - Annual_Report_2016
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CHAPTER 2
THE AIRPORT
COMPANY
Corporate Profile
Athens International Airport S.A. (AIA) was established in 1996 as a public-
private partnership with a 30-year concession agreement, the Airport
Development Agreement (ADA). Ratified by Law 2338/95, the ADA grants
to AIA the right to use the airport site for the purpose of the ‘design,
financing, construction, completion, commissioning, maintenance, operation,
management and development of the airport’. AIA is a privately managed
company with the Greek State holding 55% of shares (25% held by the Greek
State and 30% by the Hellenic Republic Asset Development Fund-HRADF),
while the private shareholders collectively hold 45%.
AIA is internationally considered a pioneer public-private partnership, being
the first major greenfield airport with the participation of the private sector.
The cost for the development of the airport was mainly financed from bank
loans, the European Investment Bank being the major lender, while the
remaining funding was provided through private shareholders equity and EU
and Greek State grants.
With a corporate goal to create sustainable value to all stakeholders by
offering value-for-money services, AIA has implemented a successful
development strategy in both its aeronautical and non-aeronautical sectors.
Offering one of the most advanced incentives and marketing support
schemes, AIA ensures the sustainability and development of domestic,
regional and international traffic, working closely with home carriers and
international carriers, legacy airlines and LCCs. In the non-aeronautical sector,
AIA boasts advanced and extensive development initiatives ranging from
high-quality consumer-related products offered at its commercial terminals,
up to its real estate assets. In addition, AIA’s IT & Telecommunications system
and business activities are stellar examples of technological and business
expertise. True to its industry, AIA exports the company’s pioneering know-
how to aviation partners around the world.
12
THE AIRPORT
COMPANY
Corporate Profile
Athens International Airport S.A. (AIA) was established in 1996 as a public-
private partnership with a 30-year concession agreement, the Airport
Development Agreement (ADA). Ratified by Law 2338/95, the ADA grants
to AIA the right to use the airport site for the purpose of the ‘design,
financing, construction, completion, commissioning, maintenance, operation,
management and development of the airport’. AIA is a privately managed
company with the Greek State holding 55% of shares (25% held by the Greek
State and 30% by the Hellenic Republic Asset Development Fund-HRADF),
while the private shareholders collectively hold 45%.
AIA is internationally considered a pioneer public-private partnership, being
the first major greenfield airport with the participation of the private sector.
The cost for the development of the airport was mainly financed from bank
loans, the European Investment Bank being the major lender, while the
remaining funding was provided through private shareholders equity and EU
and Greek State grants.
With a corporate goal to create sustainable value to all stakeholders by
offering value-for-money services, AIA has implemented a successful
development strategy in both its aeronautical and non-aeronautical sectors.
Offering one of the most advanced incentives and marketing support
schemes, AIA ensures the sustainability and development of domestic,
regional and international traffic, working closely with home carriers and
international carriers, legacy airlines and LCCs. In the non-aeronautical sector,
AIA boasts advanced and extensive development initiatives ranging from
high-quality consumer-related products offered at its commercial terminals,
up to its real estate assets. In addition, AIA’s IT & Telecommunications system
and business activities are stellar examples of technological and business
expertise. True to its industry, AIA exports the company’s pioneering know-
how to aviation partners around the world.
12
