Overview 2014

SEA Handling – Advance winding up

The Extraordinary Shareholders’ Meeting of the subsidiary SEA Handling on June 9, 2014 approved the advance winding up of the Company and its placement into liquidation from July 1, 2014, while also authorising the provisional exercise of operations after July 1, for the minimum period necessary (the provisional exercise was confirmed in the Shareholders’ Meeting of SEA Handling in liquidation of July 30, 2014 for the period July 1-August 31, 2014).

SEA – Incorporation of Milan Airport Handling Trust – Trust Deed

On June 30, 2014, the Board of Directors of SEA SpA approved the incorporation of the Trust “Milan Airport Handling Trust”, registered in Jersey, Channel Islands, to be conferred 100% of the shares of Airport Handling. The creation of the Trust, a key element guaranteeing economic discontinuity, established a structural and operational basis which excludes SEA from any form of control over Airport Handling and continuity between SEA Handling and Airport Handling. “Crowe Horwath Trustee Services It Srl” was appointed Trustee, an ad hoc company incorporated and considered entirely independent from SEA, and all companies belonging to the SEA Group. The purpose of the Trust is the implementation of procedures which will ensure economic discontinuity, as well as permit the entry of third parties, private and independent, to comprise not less than 30% of the share capital.
On August 27, 2014, the Shareholders’ Meeting of Airport Handling resolved:

• the share capital increase to Euro 5 million, in cash, with subscription by the sole shareholder SEA;
• the consequent amendment of the By-Laws.

On the same date SEA, as sole shareholder of Airport Handling Srl, with the signing of the Trust Deed, transferred the entire shareholding to the special purpose “Milan Airport Handling Trust”.

“Developing Sustainability Culture” project

Is continued, the drawing up of the “Sustainability Vision” and the materiality matrix of SEA began, which will establish an agenda of strategic objectives, policies, instruments and resources through which the business objectives will be linked with sustainability issues. The objective is to establish the “priority” of the SEA sustainability policies, with an indication of the remit of action which, in satisfying the expectations of key stakeholders, promotes the competitive strategies of SEA.

ViaMilano Parking becomes an independent brand, managing the Malpensa, Linate and Orio al Serio parking network, with its own commercial and communications organisation 

On January 2014, SEA SpA and APCOA Parking Italia SpA, were jointly awarded the tender announced in July 2013 by SACBO for the management of parking at Bergamo Orio al Serio Airport from February 1, 2014 to January 31, 2020.

The Consortium formed by SEA and APCOA, European leader in parking services and successfully partnering for over fifteen years with SEA in the operational management of parking at Milan Malpensa Terminal 1, manages over 7,000 thousand parking spaces, serving the specific requirements of the Bergamo airport customer base. The SEA Group, with over 5,000 thousand parking spaces at Milan Linate and over 10,000 thousand at Milan Malpensa, manages therefore the largest Lombardy airport parking system.

Malpensa Terminal 1/Terminal 2 rail link 

In September 2014, works began on the construction of the rail link between the two Malpensa Terminals, which will provide direct access also to Malpensa Terminal 2 from Milan. The construction of the rail link is managed by the Ferrovie Nord Milano Group, which also acts as the overall coordinator. The works at the Terminal rail station are managed by SEA.

The length of the rail link, which currently connects Milan to Terminal 1, will be a total of 3.6 kilometres to Terminal 2, including the new rail station, multi-storey car parking and a pedestrian walkway.

Terminal 2 will therefore join an inter-modal air/rail network, ensuring a high level of service for accessibility also to the “low cost” flight sector. The Terminal 1 – Terminal 2 link in fact is an initial and indispensable phase of the comprehensive “Northern access to Malpensa” project, which will further extend the catchment area of the airport.