History

SAVE Group's history began in 1987. The following were the most important steps.

2001-2002

SAVE Group implements new strategies
  • SAVE decided to move out of ground handling activities at Venice Airport.
  • The new passenger terminal and cargo buildings were opened at Venice airport.
  • SAVE Group entered the Food & Beverage and Retail business through the newly-formed company Airport Elite.
  • The Group acquired a 40% shareholding in Centostazioni, a company that manages 103 medium-size Italian railway stations.

2005

The Group was listed on the stock exchange
  • IPO on Italian Stock Exchange (SAVE.MI) through a capital increase of € 160 million.
  • SAVE Group acquired a more than 10% shareholding in Gemina, in turn owner of a 51% stake in ADR (Aeroporti di Roma).

2006-2008

SAVE Group consolidates its growth strategy
  • SAVE Group acquired 100% of the share capital of AIREST from Austrian Airlines (2006) in order to concentrate on retail Food & Beverage activities (2007).
  • SAVE Group acquired 100% of the share capital of RISTOP from Autostrada Brescia - Padova (2006).
  • SAVE Group sold its 10% shareholding in Gemina, realising a substantial capital gain.
  • The new Treviso airport was opened (2007) and SAVE Group acquired a further 35% stake in AERTRE (Treviso Airport management company).

2008

Top financial institutions become SAVE Group shareholders
  • Generali Assicurazioni and Morgan Stanley joined Finanziaria Internazionale as shareholders of Marco Polo Holding (SAVE Group's principal shareholder).

2009

Expansion of airport management operations abroad
  • SAVE Group acquired a 27.65% stake in Brussels Charleroi Airport (BSCA) in a partnership with Holding Communal.
  • SAVE Group was granted a 40-year concession for Treviso Airport by the Civil Aviation Authority ENAC (confirmed by the Board of Auditors in October 2013).

2012

Venice Airport programme contract
  • ENAC signed the Programme Contract for Venice Marco Polo Airport on an exceptional basis in recognition of its strategic role and unique characteristics within the Italian airport system.

2012-2013

Venice Airport signs new tariffs agreement
  • SAVE signs with ENAC the new tariffs system agreement the pre-requisite for the launch of a significant effort to activate the projected infrastructure investments as well as to improve the quality of services.
  • SAVE obtains the approval of 40 years concession of Treviso Airport by ENAC.

2014

Strategy focused on Airport Business Development
  • SAVE signs agreement with Lagardère Service for the disposal of Food & Beverage and Retail business with the exception of the activity run in Venice/Treviso and Verona Airport, which remains managed by a 50% partnership with the French Group.
  • SAVE becomes shareholder of Verona and Brescia airports with a 40% stake.

2015-2016

SAVE Group consolidates its strategy of Airport Business Development
  • SAVE signs an agreement with Ferrovie dello Stato for the divestiture of Centostazioni’s shares owned by the Group.
  • Venice Airport scored a new record of 9 million passengers in 2016.
  • Group Structure: on the 30th of January 2016 the agreement with Ferrovie dello Stato for the divestiture of Centostazioni’s shares owned by the Company was finalised.

2017 

Delisting of SAVE S.p.A.
  • At the end of the joint procedure for fulfilling the purchase obligation pursuant to Art. 108, paragraph 1 of the Consolidated Finance Act (T.U.F.), deriving from the mandatory public purchase offer launched by the shareholder Agorà Investimenti S.p.A., Borsa Italiana S.p.A. ordered the revocation - as from 23 October 2017 - of SAVE shares from listing on the screen-based stock exchange.
  • Venice Airport reaches a new passengers record, exceeding 10 million passengers in 2017.

2018

More than 11 million passengers
  • New milestone reached: 11 million passengers at Venice Airport
  • 2 new destinations are added to the Venice Airport intercontinental network: Chicago and Seoul

 

2019

More than 14 million passengers in Venice and Treviso Airport

 

2020-21

Gruppo SAVE, like all the other companies in the aeronautical and airport industry, has been managed the crisis due to the Covid-19 pandemic, reorganizing its activities, and laying the foundations for the return to international traffic and the development of new routes.

 

2022

The North-East Airport System, which includes the airports of Venice, Treviso, Verona and Brescia, handles around 15 million passengers, with a recovery of 81% compared to 2019 traffic, demonstrating a solid resilience after the pandemic.
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