Because there is simply no public body that can become a substantial shareholder with at least the minimum statutory required minority percentage, in order for the minority shareholder to play a decisive park, (33.4%) in such a project that requires flexibility from its shareholders.
The infamous Kastelli in Crete is once again in the limelight. The largest independent expansion at the Hellenic “aircraft carrier”, Crete, has entered a new phase of adventures.
The Deputy Infrastructure Minister Christos Spirtzis, originating from the Technical Chamber of Commerce, announced last Friday at the Parliament that: “our objective is to begin deliberations in mid-June (2015) regarding the new amended terms (new contest), and the bidding to take place by mid- September with another Model“.
Of course he didn’t clarify neither which September nor, the model, which is arguably assumed that it will be a collaboration with the State, with a high percentage of participation and the ensuing consequences.
Does the Deputy Minister really know that we were repeatedly told a similar “story” by the former competent minister and MP Michael Chrisochoidis without any results whatsoever?
In our repeated interventions and interviews in financial TV channels, but also with our continuous articles, we had then (2 years ago) anticipated and rebutted with solid arguments the futility of such ventures.
Because there is simply no public body that can become a substantial shareholder with at least the minimum statutory required minority percentage, in order for the minority shareholder to play a decisive park, (33.4%) in such a project that requires flexibility from its shareholders.
The incumbent Minister certainly ignores basic parameters. The mega- war of the road networks. The issue of the operation of the Heraklion Airport until the completion of the one in Kastelli, The great shortage in slots for the regulation of air traffic.
But also the certain deterioration of the quality of services to be provided in Crete to the millions of tourists and the dozens of airlines from all countries, during the supposed construction projects.
Has the current Minister measured all the above parameters?
Or does he think that by appointing, for example, otherwise exemplary electrical engineers, as commanders of HCAA, which have no knowledge of this particular area that phases extreme difficulties, he will manage to beautify the Civil Aviation Authority, without plans, infrastructure and funds?
“Ού παίζειν έν ού παικτοίς,” (One should not experiment with serious issues)” as our wise ancestors said.
Let him reflect and act with long-term planning. And may the substantive thinking prevail instead of the empty formalities. Besides self-knowledge never hurt. That is what this land needs, together with experts in the crucial fields.
With meritocracy being the sole criterion. Unwaveringly, radically, uniquely.
Emmanuel A. Gyzis is managing partner of Emmanuel A. Gyzis & Associates Law Offices.
Emmanuel A. Gyzis is managing partner of Emmanuel A. Gyzis & Associates Law Offices.
He was born in Athens, Greece, 13 January 1947; admitted to Athens Bar Association 1974. Education: University of Athens, Law School (1972), London, (L.LM. 1980), specialized in Aviation Law and originally worked in the respective field on behalf of British Tour Operators and Charter companies.
With longstanding journalistic and writing activity, his articles have been published in financial newspapers and magazines specialized in Aviation and Tourism. Author of pioneering monographs on the development issues of Olympic Airways (1989), he has published during a course of many years, a series of articles regarding its viability, its position in the international environment, as well as for other private airlines in general, while at the same time he participated in relevant International and Greek Conferences and Organizations. Successful and long-term engagement with issues regarding private airports / heliports, Low Cost Carriers (LCC), Aircraft Fractional Ownership, Ground handling matters. At his law firm “EMM. GYZIS AND ASSOCIATES”, together with a group of specialized associates he deals mainly with aviation law issues (cooperation with construction companies for commercial aircraft and leasing companies) and tourism law issues, specializing in mass tourism from/ to Greece and occasionally cooperating with Tour Operators. Since 1993, he has founded a number of Greek and foreign airline companies, on behalf of his clients, in accordance with the applicable legal status. He has participated in committees for the drafting of legislation regarding air transport, such as private airports, the Presidential Decree for private heliports and the Basic Legislation of the Aviation Code and he is the General Secretary of the Hellenic Aviation Society. For many years, he has been studying emerging markets, as a consultant for foreign companies, which plan to invest worldwide.
LANGUAGES: English.
MEMBER: Athens Bar Association, International Bar Association, European Society of International Law (ESIL), American Society of International Law (ASIL), British-Hellenic Chamber of Commerce, Greek-American Union, Hellenic Aviation Society.
PRACTICE AREAS: Aviation Law, Aerospace Law, Tourism and Transport Law, (European) Commercial and Company Law. Arbitration. Establishment and Operation of foreign companies in Greece. Project Finance. Free Movement of Capital. Privatization. Foreign/ Hotel Investments. Mergers and Acquisitions.
