Press Release

Issued by SEA Prime.

May 29, 2018

SEA Prime will be present at EBACE 2018 with the Milano Prime brand, which includes the business and general aviation airports Milano Linate Prime and Milano Malpensa Prime, following positive results, a growing business and new investments in infrastructure.

SEA Prime has closed 2017 with revenues of Euro 12.2 million (+7% over 2016), EBITDA equal to Euro 5.6 million (+43% over 2016) and a net profit of Euro 2.3 million, up 10% compared to 2016. SEA Prime is part of the SEA Group, manager of Milano Linate and Milano Malpensa airports.

These figures confirm the recovery of the European business aviation sector, which in 2017 recorded a total increase in flights of 3.7% and 9.3% in Italy, the fourth largest European market.

In 2017, Milano Linate Prime registered over 21,000 movements, up 2.7% compared to 2016, placing it first in Italy and among the largest in Europe. The airport benefitted from the city of Milan becoming an increasingly international business, design and fashion hub.

For Milano Linate Prime, the year 2018 has begun with the consolidation of existing partnerships and new, important collaborations such as the one that saw Leonardo Helicopters, a global player in the high-tech sectors and a leading international operator in aerospace, defence and security, open a maintenance base at the Milano Linate Prime airport in a hangar dedicated to offering line maintenance services on AgustaWestland AW109 and AW139 helicopters for private and business customers. In 2018, the next new hangar will also be designed, the eleventh at Milano Linate Prime.

“Milano Prime has proven to be an increasingly attractive partner for national and international players, who choose us to develop their business. While certainly gratifying, this pushes us to further improve and expand the range of services offered to our customers by building new, dedicated infrastructures,” stated Chiara Dorigotti, general manager of SEA Prime.

The key project for the next 12 months is Milano Malpensa Prime, the new business and general aviation airport at the intercontinental airport of Milan Malpensa, which is expected to open in the first half of 2019.

The new infrastructure will consist of a terminal of around 1,400 sqm to receive both passengers and crews, a 50,000 sqm dedicated apron and a 5,000 sqm hangar, already operational, for latest generation aircraft.

The external structure of the new terminal is designed as a polyhedron that is visible and recognisable from any direction, both on the ground and from the air.

The interiors will feature elegant finishes for common areas and exclusive lounges, where passengers and crews will enjoy a relaxed atmosphere thanks to the sophisticated furnishings and lightings. Dedicated security controls and filters will complete the service.

“Milano Linate Prime, with its unique position in Europe at less than seven kilometres from the city centre, is the base to develop Milano Malpensa Prime which completes the accessibility to Milan for passengers and operators of business and general aviation, connecting them to the very heart of Lombardy and Europe. This will allow us to develop the market to its full potential, offering a service of excellence,” stated Giulio De Metrio, chairman of SEA Prime SpA and chief operating officer of SEA SpA.