Ryanair on privatization of regional airports: A bad idea

During a press conference in Athens, Ryanair’s chief commercial officer Mr. David O’Brien warned about upcoming hikes at Greece’s regional airports after the completion of the privatization process and criticized the government’s attitude towards tourism, which contributes some 20 percent to the country’s GDP.

Mr. O’Brien said that a private monopoly will only increase costs at the regional airports and ultimately have a negative impact on Greek tourism.

He also said that private parties will only focus on the three-month summer season and added that the government should have launched a bid with the increase in passenger traffic as a prerequisite.

According to data presented at the press conference, Ryanair holds 16 percent of the market share in Greece and is ranked second following Aegean Airlines. By 2024, Ryanair expects to have 520 aircraft.


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