In December 2015 the privatisation of Santorini (Thira) International Airport and 13 other regional airports of Greece was finalised with the signing of the agreement between the Fraport AG/Copelouzos Group joint venture and the state privatisation fund.[4] "We signed the deal today," the head of Greece's privatisation agency HRADF, Stergios Pitsiorlas, told Reuters.[5] According to the agreement, the joint venture will operate the 14 airports (including Santorini (Thira) International Airport) for 40 years as of autumn 2016.