Eleftherios Venizelos / 1.3 billion profit the airport that sold out

The “Eleftherios Venizelos” airport set a new profit record for 2023, once again justifying the intense reactions to the government for the sale of the silver coins of the State.

As AVGI had predicted in the sheet of 8/2/2024, the Athens International Airport (IAA) presented in 2023 a vertical increase in net profitability of the order of 38%, i.e. 231.5 million euros, according to the annual financial results that were announced. It should be noted that in 2022 the net profitability was at 168 million euros, while in total in the 9 years 2015-2023 the net profits of “El. Venizelos” amount to the astronomical amount of 1.255 billion!

In detail, in 2015 the net profits were 120.7 million euros, in 2016 132.4 million, in 2017 140 million, in 2018 171 million, in 2019 174.4 million, in 2020-41.9 million ., in 2021 158.8 million, in 2022 168 million and in 2023 231.5 million euros.

The above sums are indicative of the criminal for the long-term revenues of the Government’s decision to sell the 30% held by TAIPED to AIA. An event celebrated by the government through its competent ministers on February 7, when the “El. Venizelos” on the Athens Stock Exchange, formalizing the divestiture of one of the most profitable public organizations. Decommissioning which was accompanied by the formal distribution of 30% of TAIPED to private individuals, bringing 785 million euros to the state, with the additional loss from the State of the majority shareholding of the country’s central entry gate. Of this percentage, 10% was initially granted to AviAlliance, making the Canadian fund PSP Investments the majority shareholder with 50%, 1% went to the Kopelouzou family and the remaining 19% to private investors. The Greek State was now left with 25% of the Superfund.

While passenger traffic recorded in 2023 the best performance since AIA began its operation (2001), exceeding 28 million passengers and exceeding pre-Covid-19 levels, recording an increase of 10.2% compared to 2019. Additionally, AIA, being the largest airport in Greece and representing approximately 35% of the country’s total air traffic, intends to implement an expansion of its facilities in three phases based on a pre-agreed spatial plan, which aims to increase the capacity of terminals to 50 million passengers per year by 2046.