Greece sells airports to Germans as Bundestag prepares for day of reckoning

Syriza carries out first set of controversial privatisations which will hand control of regional airports to German company

By Mehreen Khan
18 Aug 2015

The Greek government has rowed back on a promise to halt the fire sales of the country’s strategic assets by approving the sale of its airports to a German company.

Operating rights to 14 regional airports, including those on popular holiday destinations such as Crete, will now fall under the control of Fraport AG, the operator of Frankfurt airport.

The €1.23bn deal represents a significant climbdown for Alexis Tsipras who had denounced attempts by the Troika to force various Greek governments to de-nationalise the country’s ports, electricity networks and airports.