The Athens International Airport (AIA) on Wednesday announced the signing of an 806-million-euro bond loan with local creditor Alpha Bank, one of four systemic banks in Greece, with financing to be funneled towards a major expansion of the facility.
Details of Bond Loan
According to a press release, the bond loan’s repayment period will extend to 2042.
AIA management has already announced a three-stage expansion plan that aims increase capacity of Greece’s biggest and busiest airport to 50 million passengers by 2045. The total upgrade and expansion project is billed at 1.35 billion euros, and includes expansion of the main terminal by 81,000 square meters, more plane slots, baggage handling and passengers’ gates.
Additionally, a new runway with 32 plane slots has been announced, along with a new VIP terminal.
A multi-storey parking garage and expansion of the surrounding road network is another facet of the plan.
Meanwhile, AIA on Wednesday announced that total revenues and other income increased by 9.8%, to 509.0 million euros, in the first nine months of the year, with all revenue flows showing substantial improvement.
Net Profits reached 195.1 million euros, up 6.4 million euros or 3.4%, compared to 188.7 million in the corresponding period last year.
Adjusted EBITDA was up by 16.9%, to 339.9 million euros, compared to the same period last year, powered by strong revenue growth, operational efficiency and higher EBITDA margins (66.8%).
Passenger traffic reached 24.6 million, a 13.3% increase compared to the same period in 2023.
