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Fraport deal on regional airports, uncertain

It is unclear as to whether there will be a deal for regional airports at tourist locations, such as Corfu

Newsroom May 7 12:35

Fraport, the operator of Frankfurt Airport, said it was unclear if a deal to operate 14 Greek regional airports in tourist destinations would be completed said Reuters. Fraport, last year, was the preferred bidder for a deal for 14 regional airports but the assets sales had been in doubt after the Radical Left Coalition (SYRIZA) swept to power in the January 25 elections. “It is currently not certain whether or when the transaction can be completed in view of the political and macroeconomic development in Greece,” said the company in its first-quarter report.

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