Airports

Sea is investing 600 million to support Malpensa’s growth

Among the most significant projects is the northward extension of Terminal 1 at the airport

Il cantiere per l’ampliamento del Terminal 1 dell’aeroporto di Milano Malpensa

3' min read

Translated by AI
Versione italiana

3' min read

Translated by AI
Versione italiana

Malpensa Airport is embarking on a new phase of development, with around 600 million euros of investment planned by 2029. Of this, 50 million will be allocated to technology. The aim is to make Malpensa Airport – Italia’s second-busiest airport after Rome Fiumicino in terms of passenger traffic and the country’s leading airport for freight traffic – stronger and more attractive on the global air transport market.

This was stated by Armando Brunini, Chief Executive of SEA (the company that manages the airport), speaking at the event ‘Malpensa, Gateway to Italia. Milan and Lombardy as seen from around the world’, which took place on Thursday 17 September 2026 at the airport. The event, organised by SEA and Socialcom, was attended by, amongst others, the presidents of Assolombarda, Alvise Biffi, and Confindustria Varese, Luigi Galdabini, as well as the President of the Lombardy Region, Attilio Fontana.

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Brunini explains: “In SEA’s 2025–2029 plan, we have included a doubling of annual investment. The focus will be partly on creating new infrastructure and new spaces, but also on a genuine revamp of the airport.” Passengers and cargo: two aspects that reinforce Malpensa’s role as a strategic infrastructure for the competitiveness and appeal of Milan and Lombardy.

A key feature of the investment plan for Malpensa is the allocation of over 100 million euros to the T1XL (Terminal 1 Extra Large) project, the new expansion and refurbishment scheme for Terminal 1 promoted by SEA. The project involves the northwards extension of T1, with the creation of approximately 15,000 square metres of new space and the refurbishment of over 28,000 square metres of existing areas. This project will enable the infrastructure dedicated to international passengers to be enhanced, passenger flows to be managed more effectively, and the range of services on offer to be expanded.

Malpensa Airport, Brunini emphasises, is one of the key infrastructure hubs through which Milan connects with the world. Its growth is closely linked to the increasing international focus of the city and the Lombardy region. Brunini continues: “Today, Malpensa connects Milan to 204 destinations in 83 countries, confirming its role as a gateway to international markets. Malpensa is also a strategic hub for the manufacturing sector: in 2025, it handled 763,000 tonnes of freight, accounting for over 60 per cent of the country’s air cargo.”

Over the past two years, 16 new long-haul destinations have been launched from Malpensa. Following a significant expansion of services to Asia, Malpensa is now also expanding its presence into North America and Latin America. Washington will bring the number of destinations in the United States to seven, with an average of around 12 flights a day. From 2027, Mexico City will connect Milan to Mexico for the first time. These new routes represent new opportunities for Milan, its economy, tourism and international relations.

On the possibility of a corporate merger between SEA and Sagat, the operator of Turin Airport, Brunini clarifies: ‘A study is currently underway. Our role is to assess the synergies and the industrial value of this proposal, and it will take a few more weeks. Our conclusions will be ready by October, and we will then submit them to the shareholders for their consideration’. In the case of SEA, the majority shareholder is the City of Milan (54.81 per cent), whilst 2i Aeroporti (a subsidiary of the F2i fund) holds 45.01 per cent. Sagat’s share capital, on the other hand, is wholly owned by 2i Aeroporti. Biffi also commented on this point: “Normally, mergers lead to greater efficiency, and therefore better services for users, but we do not have sufficient information to make an assessment. For industry representatives, what matters are investments in the development of Malpensa and its accessibility. The challenge is to turn Malpensa’s international connections into a means of attracting investment.”

Galdabini highlights a key figure: “Malpensa is an industry that employs – including related sectors – over 40,000 people and generates a turnover of 13–14 billion a year. Malpensa is a vital piece of infrastructure for our production system.”

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