SEA Prime releases financial and operational data for 2016, announces new FBO

Milan Linate Prime

SEA Prime has released its 2016 financial and operational data.

The company, which runs the Milano Linate Prime FBO at Milan’s Linate Airport, had a total revenue last year of €11.4 million (with a growth of 1% on a pro-forma basis), an EBITDA of €3.9 million (34% of total revenues), and a net profit of €2.1 million (19% of total revenues), with a 20% growth compared to 2015.

Milano Linate Prime registered more than 21,000 movements last year, making it the top business and general aviation airport in Italy and one of the top five business airports in Europe.

“The positive trend goes on in 2017: month after month, Milano Linate Prime attracts a growing number of passengers,” said a spokesman for the company. In August 2017, flights grew by 14% on the same period of 2016.

And during the first weekend of September, Milano Linate Prime received pilots, teams, sponsors and VIPs on their way to the Autodromo Nazionale Monza for the F1 Grand Prix, recording more than 600 aircraft movements.

The company has also revealed plans to open a second FBO in Milan next year, this time at Malpensa Airport. Milano Malpensa Prime will have a 1,200 sqm FBO and a 5,000 sqm hangar.

It made the announcement during the MEBAA show in Morocco earlier this month.

Chiara Dorigotti, general manager of SEA Prime, said: “Thanks to Milano Malpensa Prime, located so close to Switzerland, to the lakes and to famous ski destinations like Sankt Moritz, Chamonix and Courmayeur, we will offer another exclusive gateway to Milan and to the heart of Europe.”

SEA Prime was established in 2015, following the acquisition by SEA of ATA Ali Trasporti Aerei and ATA Ali Servizi in Milan.