SEA Business Model
The management of airports by SEA is undertaken through specific business units:
The Commercial Aviation business unit includes Aviation and Non-Aviation operations.
Commercial Aviation Business operating revenues (Euro thousands)
The Aviation Business Unit is involved in the management, development and maintenance of the infrastructure and plant comprising the airport and the services offered to customers and the aircraft take-off and landing activities, in addition to airport security services. The revenues generated by these lines of business are governed by a regulated fee system represented by:
- airport fees (aircraft, passengers and cargo);
- fees for the use of centralized infrastructure (for example loading bridges, BHS, centralized information systems);
- fees for security controls (concerning passengers and hand baggage and 100% of checked baggage);
- fees for the use of check-in desks and spaces by carriers and baggage handlers.
The security fees and payments are set by ministerial decrees; centralized infrastructure payments are subject to oversight by ENAC.
Non-Aviation activities concern the provision of support to aviation activities and include a wide and differentiated offer – both directly provided and under sub-contract by third parties – of commercial services for passengers, operators and airport visitors, in addition to real estate activities. The revenues comprise market fees for the Non-Aviation activities carried out directly and royalties calculated as a percentage of revenues – with indication of a guaranteed minimum – in the case of activities carried out by third parties under contract.
Specifically, this includes the following activities:
- retail (duty free and duty paid sale to the public, catering, car hire, the management of spaces for the carrying out by third parties of banking activities);
- the management of parking;
- the management of cargo spaces;
- other activities, included under the account “services and other revenues” (ticket office, vehicle maintenance, real estate, including rentals and concessions of sections of the airport and technological and design services, non-regulated security services).
The General Aviation business includes the full range of services relating to business traffic at the western apron of Linate airport. The comparative figures from 2016 also include the results of the handling and general aviation business, consolidated line-by-line until March 31, 2016.
General Aviation Business operating revenues (Euro thousands)
The SEA Group guarantees energy (thermal and electric) self-sufficiency at both its airports through a system based on methane co-generation stations with low environmental impact, managed by the subsidiary SEA Energia. The Malpensa co-generation station has an annual estimated maximum production capacity of 613 GWh for electricity and 543 GWh for thermal energy. The Linate station has an annual estimated maximum production capacity of 210 GWh for electricity and 157 GWh for thermal energy.
The Linate station also supplies thermal energy to civilian users adjacent to the Linate airport area. Indeed, from the beginning of 2015, the power plant was connected to the a2a-owned Canavese plant, near to the Viale Forlanini road, in order to provide supplementary heat energy to the city of Milan.
Energy Business operating revenues (Euro thousands)