Why “heads fell” in the PPA, the Aegean – AIA duopoly and “Asteria” are making a comeback – Economic Post – 2024-04-30 13:31:29

· Yesterday from this very column we revealed the top management changes in the PPA.

· President and CEO handed over the baton and… said goodbye.

· The official explanation given is that Yu Zenggang and Zhang Anming completed their cycle after nearly five years.

· And the succession came as a natural… continuation.

· However, the “bad tongues” on the Miaouli Coast say that they didn’t leave on their own, but were… kicked out.

· They were crippled in other words due to poor, as they say in the market, performances.

· He says they failed to respond to the major challenges the Organization had to face, with the result that Beijing removed them.

· And these were none other than the acceleration of investments provided for in the master plan that the Chinese of Cosco accepted when they gained control of the company.

· About 8 years ago in government… SYRIZA – ANEL.

· To see if the new ones prove more effective.

· Note for the record that this time the leadership is from the old Cosco as opposed to those who left who were from the China Shipping Group.

· It seems that despite the years that have passed since the merger, the differences between the two companies remain…

———-

The Aegean, the Middle East and the ceiling…

· Aegean has largely recovered the losses in the Middle East, although it still has some “leftovers”.

· Indirect support was also received from the results of the Athens International Airport.

· The El. Venizelos even confirmed the dynamic performance in the movement of the first quarter, with the market looking for the beneficiaries of this rise.

· Those who claimed that the tourism movement reached a ceiling were also refuted.

· After all, the AIA itself revised its forecast for annual passenger traffic to 29.9 million passengers in 2024, 6.3% (or about 1.8 million passengers) above 2023 levels.

· That is why he gave updated forecasts for the rest of the year, based on the latest market trends and developments.

· Included in these are the airlines’ latest plans for their operations during the 2024 summer season, which has just begun.

———

The Athenian Riviera puzzle and the updated “Glyfada Stars”

· Nine months after the opening of the 5-star One & Only hotel, the second part of the investment in “Asteria Glyfadas” is expected to be operational.

· Which includes the revival of the famous beach!

· The aim of the owners (Grivalia Hospitality) is to reintroduce the public to “the grandeur of the 50s and 60s”.

· This is another piece in the puzzle of investments that are transforming the Athenian Riviera. With the highlight of course being the project in Elliniko.

· We remind you that this particular investment and in particular the One & Only hotel was inaugurated in the presence of the Prime Minister last October.

· Fairfax Holdings strongman Prem Watsa who controls Grivalia Hospitality was also present.