Fraport to add Kalamata to its Greek airport portfolio

Global airport operator, Fraport AG, has won the concession to operate Kalamata Airport (KLX) in Greece for the next 40 years.

Fraport and its Greek partners – Delta Airport Investments SA (Copelouzos Group) and Pileas SA (Constantakopoulos Group) – have secured the deal with a bid totaling €45.2 million.

The concession covers operation of the terminal and other landside and airside infrastructure, including retail and parking areas.

It will run for 40 years, with operations tentatively set to begin in late 2025, pending final approvals. The signing of the concession agreement is planned for mid-2025.

By concluding the concession agreement, the operating consortium commits to modernizing and expanding the terminal infrastructure at Kalamata Airport with capital expenditures amounting to €28.3 million within the first three years of the concession.

During the 40-year concession period, the Hellenic Corporation of Assets and Participations SA (HCAP), also known as Growthfund, will receive additional dividends on top of the concession fees from a 10% stake in the operating company.

The concession fees, which include the upfront fee, and the dividends will amount to a total revenue of €71.2 million for the Growthfund.

Fraport CEO, Dr Stefan Schule, stated: “We are delighted to add Kalamata Airport to our Greek portfolio.

“Together with our partners, we are going to further develop the airport and realize its full potential over the coming decades.”

Around 330,000 passengers are expected to pass through the airport, located south of the Peloponnese in 2024.

Fraport AG has been active in Greece since 2017, successfully operating 14 regional airports. During this time, it has succeeded in modernising and developing them to ensure an outstanding passenger experience.