Wednesday April 1, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Chinese confirm interest in Athens airport

Eric Cheng, managing director of Friedmann Pacific Asset Management, which will bid for Athens Airport in a consortium with Shenzhen Airport.

By Alexandra Kassimi

The Chinese consortium comprising Friedmann Pacific Asset Management (FPAM) and Shenzhen Airport on Thursday announced it intends to acquire the majority stake in and management of Athens International Airport, adding that AIA can become a source of considerable investment and growth for Greece.

With state sell-off fund TAIPED yet to confirm the size of the stake to be put up for sale, FPAM managing director Eric Cheng said that everything remains open at the moment, although it is clear that the larger the stake and the longer the concession period for the airport’s operation, the more satisfied the Chinese consortium will be.

“We have been negotiating with the Greek side for three years and our investment interest in AIA is well known. The larger our holding in the airport, the more scope we will have for investments in it,” Cheng stated.

Questioned about his keen interest in Athens Airport, Cheng explained that his group wishes to create a gateway to Europe from Asia, and AIA appears to be the only airport that has significant scope for growth. He said the majority of other European terminals have exceeded their capacity and now have limited or no margin for development.

On the TAIPED letter that asked for clarifications concerning the publication of the consortium’s interest before the start of the tender, Cheng said that the group’s interest is not premature as all policy programs drafted by the country’s creditors provide for the country’s biggest airport to enter a tender process.

He also revealed that the consortium has held contacts with PFP, the Canadian company that currently manages the airport.

ekathimerini.com , Thursday March 6, 2014 (22:22)  
Business sentiment in decline
Ministry headache over T-bills
Lafazanis reaches preliminary energy package deal in Russia
Bank recap cash can’t be used for other purposes
Finance Ministry officials to discuss talks progress as EU pushes for action
After several days of talks between representatives of Greece’s government and its creditors in Brussels on a proposed list of economic reforms, eurozone finance ministry officials are to di...
Trial of suspects in Salamina torture case starts
The trial of four men accused of torturing an Egyptian bakery worker on the island of Salamina in the summer of 2012 is to resume on April 30 after the victim, Walid Talb, and several witnes...
Inside News
BASKETBALL
AEK could get a wild card to the Euroleague
AEK shows capable of climbing as high as third in the Basket League, as its 16-point home win over third-placed Aris on Sunday confirmed it can challenge both Aris and PAOK to the first spot...
SOCCER
Cyprus soccer eyes reunion after 60-year divorce
Turkish Cypriot soccer officials on Monday vowed to press ahead with attempts to reunite with the Cyprus Football Association, (CFA), triggering a political storm on the ethnically-split isl...
Inside Sports
COMMENTARY
Amateur antics or overstepping the mark?
There are 149 plus two reasons why those who have been watching SYRIZA’s progress since its start cannot and never will be able to stomach the leftist party’s coalition with Independent Gree...
EDITORIAL
A pointless debate
Monday’s parliamentary debate between the country’s political leaders left a lot to be desired. There was no information whatsoever about the coalition government’s proposed reforms or the p...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. AEK could get a wild card to the Euroleague
2. Business sentiment in decline
3. Ministry headache over T-bills
4. Lafazanis reaches preliminary energy package deal in Russia
5. Bank recap cash can’t be used for other purposes
6. EIB said to have frozen funding
more news
Today
This Week
1. Amateur antics or overstepping the mark?
2. Parliamentary speaker prompts ND walkout, anger from PASOK, Potami
3. Investment guru Mark Mobius rules out Grexit, advises sell-offs
4. Greece, EU/IMF lenders end round of technical talks without deal
5. A pointless debate
6. Greek government proposes measures worth 3.7 bln
Today
This Week
1. Next Monday is D-Day for state funds
2. Eurogroup unlikely to be held soon to discuss Greek reforms
3. Moscow expects progress from Tsipras visit
4. Some more equal than others
5. Greece to present reforms by Monday, says gov't spokesman [Update]
6. Greece optimistic on deal with euro area next week
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.