Fraport Greece obtained control of 14 of the country’s regional airports on April 11, 2017, paying 1.23 billion euros and activating an investment program of 415 million euros.

First of all, the focus was on the airports of Myconos (one of the world’s most popular tourism destinations), Cephalonia and Kos.

The old runway of Myconos was replaced with a new, stronger strip, able to support the growing passenger traffic; on Cefalonia Fraport is repairing its air-traffic control tower and the central terminal building, as well as cleaning the main trench drains in the restricted-access area and upgrading the main runway; also the runway of the southeastern Aegean island has been upgraded, while the construction of a new terminal, bound to replace the existing smaller one, is set to start.

The works on the new buildings will begin after September in order to avoid creating problems for passengers during the summer season: the aim of the German-Greek consortium is to have 7 of the 14 airports ready next year, as well as to complete all of the work by 2021: studies, plans and licenses are already in place. In total, the surface of the terminals in all airports will expand by about 100,000 square meters, in accordance with the high number of passengers,  growing by an annual rate of 10 percent.