Fraport says unclear if Greek airport deal will be completed

(Reuters) – Fraport said it was unclear if and when a deal to operate 14 Greek regional airports in tourist destinations would be completed, after reporting slightly better than expected first quarter results.

Fraport, the operator of Frankfurt airport, was last year named preferred bidder for a deal to operate 14 regional airports in Greece, in tourist locations such as Corfu.

But since the election of a leftist-led, anti-austerity government in Greece the deal has come into the spotlight, with Greece seeking to change the terms of the deal, a source told Reuters last week.

“It is currently not certain whether or when the transaction can be completed in view of the political and macroeconomic development in Greece,” the company said in its first-quarter report.