Corfu International Airport.
Fraport, the great bidder, which is expected to pay at some point to our suffering country, approximately 1.23 billion inter alia as a single price, went in search for its recapitalization. It hired, as is well known, several hundred staff, but from month to month has deferred payment and consequent payment of the price. This way will surely lose this year’s summer period, since if it pays in March 2017, is unlikely to proceed in substantially reform projects of the 14 airports
Fraport, the great bidder, which is expected to pay at some point to our suffering country, approximately 1.23 billion inter alia as a single price, went in search for its recapitalization.
It hired, as is well known, several hundred staff, but from month to month has deferred payment and consequent payment of the price.
This way will surely lose this year's summer period, since if it pays in March 2017, is unlikely to proceed in substantially reform projects of the 14 airports in the middle of the Tourist arrivals.
It will content itself with "half-measures" and these airports will again afflict their passengers with their existing meager infrastructures.
Who would really have thought that Fraport – Slentel would seek capitals to support them in a substantial percentage of the due payable price?
Of course, now it seems that they secured the money they needed, but my good major investor, “you are walking on thorny grounds”.
Our country is in huge need of this price. You do not see how it ended up? Today it begs but certainly soon, when there is a change in all kind of conditions, will highlight the imperious Hellenic soul.
Which knows in time to pull back to the revival like a phoenix from its ashes.
"Keep walking forward Greeks!"
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.
