EU CLEARS REVISED ATHENS AIRPORT CONCESSION EXTENSION FEE
January 1st, 2019
THE EXTENSION by the Greek government of a concession to operate Athens International Airport Eleftherios Venizelos for an additional 20 years has been cleared by the European Commission, which ruled that the EUR1.1 billion fee charged is a fair market price. The European Union (EU) executive had been using its competition authority powers to assess whether the extension – to Athens International Airport SA (AIA) - involved any hidden subsidies that breached EU state aid rules. The Commission had earlier acted to block a planned deal where AIA would pay just ...
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