 The airport is named after Elefthérios Venizélos, the prominent Cretan political figure and Prime Minister of Greece, who made a significant contribution to the development of Greek aviation and the Hellenic Air Force in the 1930s.As to-date, the airport is operated by AIA S.A. and ownership is divided between the Hellenic Republic (Greek State) and Private Sector in a 55%-45% stake following a PPP scheme for the airport company.Currently, private investors include the Copelouzos Group (5%) and PSP Investments of Canada (40%), following purchase of Hochtief's shares.