Athens International Airport S.A. (AIA) was established in 1996 as a Public-Private Partnership with a 30-year concession agreement. Ratified by Greek Law 2338/95, the concession agreement 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, while the private shareholders collectively hold 45%.
AIA is a pioneer international 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 a successful developmental strategy, in both its aeronautical and non-aeronautical sectors. Offering one of the most advanced incentive 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 from the high-quality consumer-related products offered at its commercial terminals, to its real estate assets. 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.