Through UrbanV, Mundys Sees Urban Air Mobility as the Future

Justin Lee

Singapore

December 30, 2023

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Mundys S.p.A is an Italian holding company active in the motorway and airport infrastructure and mobility-related services industry, operating tolling services in 24 countries, including 11 for motorway and airport infrastructure concessions (France, Italy, Poland, United Kingdom and Spain in Europe and worldwide in Argentina, Brazil, Chile, Colombia, India and Puerto Rico).

Previously known as Atlantia, the company changed its name to Mundys in March 2023 following its delisting from the Milan Stock Exchange when Edizione, the holding company of the Italian Benetton family,  and U.S. investment fund Blackstone launched a buyout offer for the company in 2022.  

The group’s current airport investments are:

Aeroporti di Roma S.p.A.

Aeroporto Guglielmo Marconi di Bologna S.p.A.

Aéroports de la Côte d'Azur

SAVE S.p.A

Separately, Mundy’s is investing in urban air mobility through UrbanV, a company established by the four airport companies it invests in.

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© Wikimedia Commons

Aeroporti di Roma

Aeroporti di Roma S.p.A. is controlled by Mundys by virtue of holding 99.39% of the shares. The remaining share capital is divided between the local authorities (pursuant to DPCM - Prime Ministerial Decree - 25/2/1999) and some minor shareholders (third parties with 0.259%).

According to Aeroporti di Roma’s report, in the first half of 2023, close to 20 million passengers passed through Rome's airports of Fiumicino and Ciampino. The sustained and continuous growth in volumes had taken hold hold from the second quarter of 2022 due to the reduction of travel restrictions linked to Covid-19 and despite the persistence of the total absence of traffic for Ukraine and Russia.

Traffic on the Rome airport system grew by 50% in the first six months compared to the same period of 2022, mainly thanks to the international component (+55%) which was driven by the growth in intercontinental travel.

In the first half of 2023, the number of aircraft movements and the number of passengers at the two Rome airports increased by 25.0% and 49.9% respectively compared to the same period in 2022.

Compared to the same period in 2019, the number of aircraft movements and the number of passengers at the two Rome airports increased by 15.3% and 20.0% respectively.

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