In December 2015, the privatisation of Mykonos 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.[7] "We signed the deal today," the head of Greece's privatisation agency HRADF, Stergios Pitsiorlas, told Reuters.[8] According to the agreement, the joint venture will operate the 14 airports (including Mykonos International Airport) for 40 years.