SEA

Sector:
airports
Date of investment:
december 2011
Share acquired:
29,8%
Status:
in portfolio
www.seamilano.eu/it
SEA S.p.A. - Società per Azioni Esercizi Aeroportuali is the management company of Milano Linate and Milano Malpensa airports, under a forty-year concession expiring in 2041.
With 28 million passengers in 2011 (+ 4,4% vs 2010), Milan airport system is the second in Italy and the ninth in Europe, for passenger traffic. In the cargo segment, with over 470 thousand tons moved in 2011, SEA is national leader (with approximately 50% market share) and the eighth in Europe.
Malpensa is about 48 km far from Milan city and is connected to main cities of Northen Italy and Switzerland by rail and road.
Milano Linate, situated 8 km from Milan city, is the city airtport, dedicated to frequent flyer customers on domestic and intra-UE routes.
SEA is implementing a relevant capex plan, aimed at improving and expanding airport infrastructure, and it is waiting for the final approval of Contratto di Programma with Enac concerning a new tariff scheme applicable for the next 10 years.

