Athens International Airport (AIA) has officially signed a bond loan agreement with local Alpha Bank worth 806 million euros, building on increased income revenue and higher passenger traffic.
AIA announced the deal on Wednesday, confirming that the bond loan agreement with Alpha Bank was signed last week with financing to be funnelled towards a major expansion of the facility. According to a press release, the bond loan repayment period will extend to 2042.
AIA management has already stated a three-stage expansion plan that aims to 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.
It also involved a new runway with 32 plane slots announced, along with a new VIP terminal, while a multi-storey parking garage and expansion of the surrounding road network is another part of the plan.
AIA further announced on Wednesday that total revenues and other income increased by 9.8 per cent, 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 per cent compared to 188.7 million in the corresponding period last year.
Adjusted EBITDA was up by 16.9 per cent, 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 per cent).
Passenger traffic reached 24.6 million, which is a 13.3 per cent increase compared to the same period in 2023.
Source: tovima.com
