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0 1 . J oint A ddress by the C hairman and the C E O
To create public awareness regarding the overall contribution of our airport to the Greek economy and society, in December
2009 we communicated to a variety of audiences the results of the relative Economic Impact Study conducted by the Athens
University of Economics and Business. While pointing out the importance of the greater business community created due to
airport activity, the study measures the airport’s impact in terms of jobs generated and economic added value: the airport
creates an annual total added value of €4.9 billion, corresponding to 2.14% of Greece’s GDP, and more than 63,000 jobs in
Greece, inside and outside its fence.
Other Corporate Projects & Developments
The outline design of the Satellite Utilisation Project was advanced during 2009. The project primarily addresses the ways
to improve the utilisation of the Satellite Terminal Building and the enhancement of the commercial space both in the main
terminal and satellite buildings.
To meet future requirements and facing increasing demand for passenger car parking products over the last years, we initiated
the detailed design of a multi-storey car parking facility with total surface of approximately 100,000m2, and a capacity of 3,700
parking spaces. The designed facility is a modern state-of-the-art car park that will offer high quality services to users.
As part of our environmental investments, we are planning the creation of a Photovoltaic Park (PV-Park) of 8.05MWp within
airport premises, a project combining green energy with financial value added for our company. In this context, following
provision of the Grid Manager and Provider License and the Electricity Production License, the International Call for Expression
of Interest for the PV-Park was successfully concluded in 2009, paving the way for construction in 2010, subject to the final
verification of the project’s feasibility. The PV-Park shall cover more than 30% of the airport’s power needs and shall contribute
to the aversion of more than 10,000T of CO2, equivalent to the absorption capacity of more than 1.5 million trees or to the
needs of 3,000 homes.
2010 Outlook
The Greek economy is expected to remain in a state of recession throughout 2010, with no quick turnaround expected in
domestic economic activity. The economic conditions are expected to have an effect on Greek residents’ travel demand. On the
other hand, the signs of recovery and exit from the recession in other parts of Europe are expected to have a positive impact
on foreign travellers’ demand.
In addition, following the previous year’s developments in the Greek aviation sector, the strategic repositioning of Greek airlines
that led to the cooperation between Olympic Air and Aegean Airlines will also have a significant impact on traffic and other
areas of AIA’s business.
As a result of the above, the Airport Company projects for 2010 an annual passenger throughput of 15.8 million, corresponding
to estimated operating revenues of €353 million.
In 2010, the Airport Company will undertake a revision of its Business Plan, taking into account all recent developments in the
corporate and wider environment, and focusing on re-affirming the projections for future growth. This business plan will also
examine benefits for the Airport Company and its Shareholders arising from a potential concession period extension.
AIA will persist over the next years to apply successfully its strategy of value-for-money services aiming at profitable growth
alongside high levels of safety and security, customer satisfaction, state-of-the-art technological applications, and corporate
responsibility. In addition, further to a very successful record achieved so far in the domain of external business activities, AIA
will continue to explore and pursue business opportunities at airport projects in Greece or abroad.
From the outset of the concession of this airport, AIA has demonstrated combined success in all aspects. During 2009, in contrast
to the unfavourable macroeconomic situation in Greece and abroad, Athens International Airport was the source of the few
exceptions of positive business news, reporting satisfactory end-of-year traffic with minimal losses, high profits and liquidity
and a significant contribution to the national, regional and local economy. Resisting the negative 2010 economic forecast, AIA
expects to remain a positive contributor of financial and non-financial value to all stakeholders, its shareholders and the Greek
society and economy.
Loukas K. Papazoglou Dr Yiannis N. Paraschis
A N N U A L R E P O R T 2 0 0 9 09
To create public awareness regarding the overall contribution of our airport to the Greek economy and society, in December
2009 we communicated to a variety of audiences the results of the relative Economic Impact Study conducted by the Athens
University of Economics and Business. While pointing out the importance of the greater business community created due to
airport activity, the study measures the airport’s impact in terms of jobs generated and economic added value: the airport
creates an annual total added value of €4.9 billion, corresponding to 2.14% of Greece’s GDP, and more than 63,000 jobs in
Greece, inside and outside its fence.
Other Corporate Projects & Developments
The outline design of the Satellite Utilisation Project was advanced during 2009. The project primarily addresses the ways
to improve the utilisation of the Satellite Terminal Building and the enhancement of the commercial space both in the main
terminal and satellite buildings.
To meet future requirements and facing increasing demand for passenger car parking products over the last years, we initiated
the detailed design of a multi-storey car parking facility with total surface of approximately 100,000m2, and a capacity of 3,700
parking spaces. The designed facility is a modern state-of-the-art car park that will offer high quality services to users.
As part of our environmental investments, we are planning the creation of a Photovoltaic Park (PV-Park) of 8.05MWp within
airport premises, a project combining green energy with financial value added for our company. In this context, following
provision of the Grid Manager and Provider License and the Electricity Production License, the International Call for Expression
of Interest for the PV-Park was successfully concluded in 2009, paving the way for construction in 2010, subject to the final
verification of the project’s feasibility. The PV-Park shall cover more than 30% of the airport’s power needs and shall contribute
to the aversion of more than 10,000T of CO2, equivalent to the absorption capacity of more than 1.5 million trees or to the
needs of 3,000 homes.
2010 Outlook
The Greek economy is expected to remain in a state of recession throughout 2010, with no quick turnaround expected in
domestic economic activity. The economic conditions are expected to have an effect on Greek residents’ travel demand. On the
other hand, the signs of recovery and exit from the recession in other parts of Europe are expected to have a positive impact
on foreign travellers’ demand.
In addition, following the previous year’s developments in the Greek aviation sector, the strategic repositioning of Greek airlines
that led to the cooperation between Olympic Air and Aegean Airlines will also have a significant impact on traffic and other
areas of AIA’s business.
As a result of the above, the Airport Company projects for 2010 an annual passenger throughput of 15.8 million, corresponding
to estimated operating revenues of €353 million.
In 2010, the Airport Company will undertake a revision of its Business Plan, taking into account all recent developments in the
corporate and wider environment, and focusing on re-affirming the projections for future growth. This business plan will also
examine benefits for the Airport Company and its Shareholders arising from a potential concession period extension.
AIA will persist over the next years to apply successfully its strategy of value-for-money services aiming at profitable growth
alongside high levels of safety and security, customer satisfaction, state-of-the-art technological applications, and corporate
responsibility. In addition, further to a very successful record achieved so far in the domain of external business activities, AIA
will continue to explore and pursue business opportunities at airport projects in Greece or abroad.
From the outset of the concession of this airport, AIA has demonstrated combined success in all aspects. During 2009, in contrast
to the unfavourable macroeconomic situation in Greece and abroad, Athens International Airport was the source of the few
exceptions of positive business news, reporting satisfactory end-of-year traffic with minimal losses, high profits and liquidity
and a significant contribution to the national, regional and local economy. Resisting the negative 2010 economic forecast, AIA
expects to remain a positive contributor of financial and non-financial value to all stakeholders, its shareholders and the Greek
society and economy.
Loukas K. Papazoglou Dr Yiannis N. Paraschis
A N N U A L R E P O R T 2 0 0 9 09
