Page 12 - Annual Report 2015 EN
P. 12
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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 Greek Law 2338/95, the ADA grants 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% Greek State and 30% 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 financed mainly from bank loans - with 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 & T 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 | aia.gr
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 Greek Law 2338/95, the ADA grants 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% Greek State and 30% 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 financed mainly from bank loans - with 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 & T 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 | aia.gr
