Everything postponed to 2027, if all goes well. For the birth of the single company to manage the three airports of Sardinia, Cagliari Elmas, Alghero, and Olbia, it will be necessary to wait at least six months. The slowdown comes from the Region, which should have allocated 30 million euros to enter the share capital of the new company.
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The Regional Council decides
The slowdown started with the presentation by the Regional Council, led by President Alessandra Todde, who with an amendment presented to the budget adjustment maneuver, postponed the allocation of the resources needed to enter the company to 2027. It is a financial endowment of 30 million euros with which the Region should participate, with 9.25%, in the holding company that should manage the three Sardinian airports.
The signing of the agreement
The disbursement of the resources is a “fundamental step” and follows the signing (which took place last April) of the Term Sheet, between the Autonomous Region of Sardinia, the Chamber of Commerce of Cagliari-Oristano, the Sardinia Foundation, and F2i SGR, as the management company of the F2i funds, regarding the path to the creation of the Sardinian airport system of Cagliari, Olbia, and Alghero. All with the aim of “outlining a possible integrated corporate and industrial structure among the airport management companies Sogaer (Cagliari Elmas), Geasar (Olbia), and Sogeaal (Alghero)”.
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A single management for 10 million passengers
A single management, therefore, for the management of the three airports that together record about 10 million passengers a year. Not a “mere corporate reorganization,” as had been emphasized, “but a tool to provide Sardinia with a unified and coordinated airport system, capable of enhancing the different vocations of the airports and their reference territories and of more effectively supporting the needs of mobility, territorial continuity, tourism development, and economic growth of the Island.”
The subject of the agreement
The Term Sheet also identified some essential elements of the operation relating to the “possible contribution by the Chamber of Commerce of Cagliari-Oristano of its participation in Sogaer, in the parent company of the airport system (“Aeroporti di Sardegna”)”. Furthermore, “the entry of the Region into the company of “Aeroporti di Sardegna” and the definition of a governance model that provides a significant role for public shareholders, to safeguard the development of the territory, and an institutional industrial role for private shareholders, to guarantee the effective implementation of the project and the related synergies”.
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