Fraport expects Greece to honour airport deal

Frankfurt

GERMAN airport operator Fraport expects Greece's new government to honour a US$1.4 billion deal for Fraport to run 14 regional airports, its finance chief said, after Athens halted several other key privatisation projects.

When Greece's leftist-led, anti-austerity government took power in January, it stopped the sale of the country's biggest port, spooking markets and alarming foreign investors. Its new leaders are also trying to renegotiate Greece's huge loans before its bailout expires at the end of the month, and there are growing fears it could be forced out of the eurozone, which some predict will be a catastrophe for the country.