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High-flyer: Athens International Airport

Athens International Airport is not only the world's first BOOT project in the airport sector but also a good example of successful public-private partnership. HOCHTIEF Concessions and HTAC have a stake of just over 40 percent in the Greek capital's airport, with five percent being held by a private investor and 55 percent by the Greek state.

Athens International Airport is a great credit to the motherland of the Olympic Games: in September 2009, it won the OAG Airport Marketing Award for the fifth time in succession for good cooperation with the airlines.

Marketing is one main reason why more and more airlines are including Athens on their flight schedules – at present there are 70 of them. In 2009, the airport acquired 13 more airlines and nine new destinations in Europe for its route network, which now comprises a total of 113 cities in 52 countries.

A further basis for this airport's success is real estate development within its own grounds. 2007 brought the completion of the airport's first business park. In January 2009, the new 50,000 square meter convention and trade fair center built on another site opened for business.

Further information

Key project data

Contract for the construction, financing and operation of Athens International Airport
Form of privatization: Public-private partnership with BOOT contract, contract concluded in 1996, duration until 2026
Shareholders: Greek state (55.0%), HOCHTIEF Concessions via HOCHTIEF AirPort (>26.7%), HTAC (13.3%), Greek investor (<5.0%)
Important hub for Southeastern Europe and central point of transfer for travelers to Europe from the Middle East
World's first privately financed airport project

Reasons for investment

Athens International Airport serves not only the Greek capital but also the whole Attica region, which is the most densely populated and economically strongest region in Greece. The airport functions as an important hub for Southeastern Europe and is the central transfer point for people traveling to Europe from the Middle East. Athens International Airport still has particular significance as the world's first privately financed airport project on the basis of a BOOT concession.

Shareholders

As private shareholders, HOCHTIEF Concessions (via its subsidiary HOCHTIEF AirPort) and HTAC have a stake of just over 40 percent in Athens International Airport. HOCHTIEF Concessions holds 26.7 percent and HTAC 13.3 percent. The HTAC interest is managed by HOCHTIEF AirPort.

A further stake of just under five percent is held by a Greek investor, with the Greek state retaining a 55 percent majority holding.

Shareholders HOCHTIEF Concessions AG

Passengers

Year Passengers

2001* 10.2 million

2002 11.8 million

2003 12.2 million

2004 13.7 million

2005 14.3 million

2006 15.1 million

2007 16.5 million

2008 16.5 million

2009 16.2 million

*28. 03. - 31.12.2001

Financial Highlights 2009

Revenues EUR 511.0 million

of which Aviation EUR 342.7 million

of which Non-Aviation EUR 168.3 million

EBITDA EUR 369.5 million

Via subsidiary HOCHTIEF AirPort and the HTAC investment partnership, HOCHTIEF Concessions AG currently holds just over 40 percent of the stock of Athens International Airport.
Successful airline marketing has persuaded more and more civil aviation companies to include Athens as a destination on their flight schedules.	The interior of the airport: In 2009 Athens International Airport handled around 16.2 million passengers.