Emm. A. Gyzis

Emm. A. Gyzis

EMMANUEL A. GYZIS, born in Athens, Greece, 13 January 1947; admitted to Athens Bar Association 1974. Education: University of Athens, Law School (1972), London, (L.LM. 1980), specialized in Aviation Law and originally worked in the respective field on behalf of British Tour Operators and Charter companies. Currently studying for his MBA from the European University Cyprus

With longstanding journalistic and writing activity, his articles have been published in financial newspapers and magazines specialized in Aviation and Tourism. Author of pioneering monographs on the development issues of Olympic Airways (1989), he has published during a course of many years, a series of articles regarding its viability, its position in the international environment, as well as for other private airlines in general, while at the same time he participated in relevant International and Greek Conferences and Organizations. Successful and long-term engagement with issues regarding private airports / heliports, Low Cost Carriers (LCC), Aircraft Fractional Ownership, Ground handling matters. At his law firm “EMM. GYZIS AND ASSOCIATES”, together with a group of specialized associates he deals mainly with aviation law issues (cooperation with construction companies for commercial aircraft and leasing companies) and tourism law issues, specializing in mass tourism from/ to Greece and occasionally cooperating with Tour Operators. Since 1993, he has founded a number of Greek and foreign airline companies, on behalf of his clients, in accordance with the applicable legal status. He has participated in committees for the drafting of legislation regarding air transport, such as private airports, the Presidential Decree for private heliports and the Basic Legislation of the Aviation Code and he is the General Secretary of the Hellenic Aviation Society. For many years, he has been studying emerging markets, as a consultant for foreign companies, which plan to invest worldwide.


MEMBER: Athens Bar Association, International Bar Association, European Society of International Law (ESIL), American Society of International Law (ASIL), British-Hellenic Chamber of Commerce, Greek-American Union, Hellenic Aviation Society.

PRACTICE AREAS: Aviation Law, Aerospace Law, Tourism and Transport Law, (European) Commercial and Company Law. Arbitration. Establishment and Operation of foreign companies in Greece. Project Finance. Free Movement of Capital. Privatization. Foreign/ Hotel Investments. Mergers and Acquisitions.

E-mail: egyzis@egyzislaw.com

Tuesday, 07 July 2015 15:34

BOEING in new pioneering routes

BOEING in new pioneering routes.

BOEING, the largest aircraft manufacturer, currently faces great challenges, trying to squeeze down the production costs of BOEING 787, its new creation made by carbon fibers.

This happens because the company seeks newer and more innovative versions of the groundbreaking 787 in order to face the competition from AIRBUS.

In this difficult "hour", the top management of the company is changing.

LE BOURGET -2015- Paris
The leading aviation event.

For one more year, this unique exhibition in the field of aviation, took place in Paris, France, from 15th to the 21st of June. 

Since I have the pleasure of visiting the exhibition for about 20 years, in order to keep in touch with the latest aviation developments in the field of commercial aircraft, I did not miss the opportunity.

Even for 36 hours, I experienced the revolution that is happening in modern aeronautics.

The ambitious Airbus A 350. 900 xB, and Α 350. 1000 ΧΒ, aircraft that have caused an uproar in the market, with their many orders and their innovative aerospace technology, gave a recital.

The new Bombardier project, CS300, with 135 seats, is trying to offer a solution to medium capacities.

Alongside, the also new product of the Brazilian EMBRAER, E 195E2, struggles to achieve many orders.

I hardly forget the BOE 737 max 7, another aircraft that I observed with great interest. An aircraft that innovates and leads the family of 737 to new paths and a safe course.

Of course, the A319 neo and the A320 neo, are another two new aircraft that "see" far into the future.

Wednesday, 24 June 2015 11:50



The Austrian proposal, where a similar special purpose entity exists, for the establishment of such a banking institution in our country, is well known.

The same, of course, goes for the "haste" of the President SETE (Association of Hellenic Tourism Enterprises) for a similar step.

But SETE has set the following as fundamental pillars in its proposal:

a) SETE itself to participate

b) The Austrian Tourismus Bank to be involved as an advisor

c) and most importantly, the new entity to be a subsidiary of the four Greek systemic banks.

Fails to mention however:

a) what is the percentage of SETE in it?

b) If, in the present circumstances, until the end of 2015, when SETE will bring this request again to the Government, the 4 Hellenic Banks will be able to participate and in what percentage.

b.1) And for being their subsidiary, it must depend on them, capital wise.

b.2) but is such a thing possible, when they have “bad loans” worth 100 billion Euros and their defaults have reached their limit, to be able to make such a contribution?

The airport at Kastelli.

The Deputy Minister of infrastructure in imaginary implementation scenarios.

The infamous Kastelli in Crete is once again in the limelight.

The largest independent expansion at the Hellenic "aircraft carrier", Crete, has entered a new phase of adventures.

The Deputy Infrastructure Minister Christos Spirtzis, originating from the Technical Chamber of Commerce, announced last Friday at the Parliament that: "our objective is to begin deliberations in mid-June (2015) regarding the new amended terms (new contest), and the bidding to take place by mid- September with another Model ".

Of course he didn’t clarify neither which September nor, the model, which is arguably assumed that it will be a collaboration with the State, with a high percentage of participation and the ensuing consequences.

Does the Deputy Minister really know that we were repeatedly told a similar "story" by the former competent minister and MP Michael Chrisochoidis without any results whatsoever?

In our repeated interventions and interviews in financial TV channels, but also with our continuous articles, we had then (2 years ago) anticipated and rebutted with solid arguments the futility of such ventures.

Stelios Haji-Ioannou, the young entrepreneur, who began his journey about

two decades ago with £ 30.0 million and set great paths in the skies, never rests.

The now huge LCC Easyjet airline that he created, dominates the skies

with hundreds of aircraft.

His enterprising idea to do business from city airports with low cost,

brought and still produces constant profits and expansion.

Progressively, he became a smaller shareholder of the company, having

sold the largest part of his shares.

His restless business acumen led him since then to the creation of many

other "easy" businesses, such as restaurants, stores and finally, in 2011, to the

establishing of Fastjet, which mainly flies in Africa.

Of course, the management of Easyjet claims that according to his 2010

contract, he was not allowed to participate in another airline, but only with a

percentage of up to 10%.

Sir Stelios retired some time from the Board of Easyjet, putting an end to

the dispute with his former creation.

Certainly, Fastjet with (3) initial aircraft and a 4th 319 A purchased recently,

has losses of more than 200,0 mil USD.

It plans to expand its fleet with new used but reasonably aged aircraft.

So, in 2018 will be flying to 40 destinations with at least 30 more aircraft,

that is, a total of 34.

Thus, besides the already existing routes, Fastjet plans to fly to Zimbabwe,

Zambia, Uganda, Kenya, South Africa and Tanzania, which need LCC Airlines.

The bet for Stelios is constant and twofold.

To always be a pioneer, and to maintain the ability of converting ideas and

loss-making companies to profitable ones.

The raid of British Airways to the Greek islands.
The British rationale.

We were not surprised reading the British company’s announcement regarding the flights program for 2015, especially the part concerning the six Hellenic islands, where flights begin.

Therefore, London connects directly to Kos, Mykonos, Santorini, Rhodes, and, of course, beyond.

BA returns to Crete (Heraklion) after almost three decades, with a very strong schedule, of four (4) flights per week.

The same goes with the beautiful goddess of the Ionian Sea, Corfu, with also four weekly flights.

The points that should be emphasized in order to understand the rationale of the British are the following:

a) The majority of the flights are set for the last three days of the week. That creates bridge- weekends.

b) It’s a direct blow to the charter companies and the LCC.

c) By making a clever maneuver, manages to avoid the expensive AIA and has cheaper inflexible costs.

d) The above results to offering cheaper fares, to both individual fliers and small Tour Operators.

e) At the same time having the discretion of seasonality, ie until the end of the tourist season.

Consequent to the above, reviewing the results of the market’s response, will allow the British to decide whether to fly directly again or not.

Hellenic Waterdromes
The dream that became a nightmare

Investors who have decided to establish seaplane companies in Hellas, have been to hell and back and their torment is not over.

The nightmarish bureaucracy that dissuades each and every investor has been triumphant once again.

After all, the investor from Canada who has been trying to invest in this particular sector for more than 10 years, has become frustrated and suffered the respectable losses.

Today, the Waterdromes of Lavrio, Rafina (Agia Marina), Alexandroupolis, Patras, Volos and Thessaloniki are close to obtaining their license, which is already secured by the one in Corfu.

Furthermore, charter flights are expected, accordingly, across the Argo- Saronic Gulf and perhaps in the Dodecanese.

As for the Cyclades islands, where there are ambitious plans, we remain highly pessimistic, due to the weather conditions in the area during the summer.

Perhaps the Peloponnese and some lakeside areas will be more suitable.

There is also great need for Halkidiki, which requires flights for medical emergencies.

The issue with seaplanes is "tormented and sensitive."

It is essential for the investors to receive help, because otherwise the State should perpetually forget the possibility of investments.

Investments that Hellas needs now more than ever.


The Arab companies, Emirates Airlines, Etihad Airways and Qatar Airways, have begun an unprecedented confrontational competition with the American Aviation giants.

And therefore, the Americans experience the heat of the above three Airlines.

Because, armed with an extreme financial liquidity and innovative management, they have broadened their global network.

This is achieved by placing huge orders, of mainly transatlantic Aircraft, (wide - body), where currently 1-2 Aircraft are being delivered monthly.

And beside the above firm orders, there are additional optional orders for several hundred new aircraft for the foreseeable future.

These financial losses of the US Air carriers, compel their executives to utter excuses, that are very weak from a business standpoint, like putting the blame on the terrorist acts of September 11th 2001.

At the same time, mainly American and United, not unlike others, strongly urge their Government to intervene, by canceling the increase of flights of the aforementioned three (3) Arab companies to the United States in general.

A Landmark Tourism Expo in Europe.
Experiences and knowledge for the new Minister.

On 04/03/2015, in the unified Germany, the ITB expo opened its gates.

Being the largest and most professional expo worldwide, it has entries from more than 180 countries this year as well.

That is almost as many as the UN Members.

The writer, being a visitor to the ITB, for more than 35 years, when the wall of shame used to separate the East from West Germany, saw the value of the work with long-term perspective.

The Hangars of the expo cover an area of more than 160,000 m2.

The services provided to professionals and the 10,200 exhibitors this year are exemplary.

The amphitheater of the opening ceremony, which has about 4,000 seats and desks with automatic translation in 7 languages, the speakers’ stand, beyond which there is a banquet hall with capacity of 4,000 / 5,000 people, have been built 40 years ago and are being continuously improved.

Contact Chains by Hotels, spotless taxi service, great organization in the functional arrangement of the pavilions by Country and continent.

Therefore, this year's visit by the new Deputy Minister of Tourism Elena Kountoura, who has been there since 03.03.2015, needs to be crucial for her experience.


The Hellenic Tourism now facing new ongoing challenges.

Domestically, it has to redeploy its way of thinking and acting.

In the international field, it needs to open new paths, whose key point needs to be the gradual and normalized dissociation from the big monopolies and their preconceptions.

Consequently, Tourism Institutions are invited to lead a campaign that will have the Hellenic identity, National Tourism policy, distinct differentiation and spirit, as its sole purpose.

And when talking about a distinct national identity, we refer to the totality of Τourism actions involving Hospitality and air transport, airports, cruise, and each parallel/complementary activity, that has to do with the Tourist scene of our country.

Of course, this framework is complex and laborious, implementing a multitude of convergent and hardly controllable actions.

To start this formatting, an upgrade of the Tourism institutions, which will assist the relevant Ministers, is required.

The National Tourism Organization is required to play a leading and determinant role, with a President and a Secretary General, who will have deep knowledge of the field.

They must be joined by a Board of Directors that will provide the assistance of a team/experts with international negotiating experience.

We are never tired of repeating that we need quality Tourism and smaller masses of low consuming Tourists.

In the field of destination planning, we need to redirect the influx.