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Milan Malpensa 'flying high'

Jaimie Kanwar

A new agreement has made property investment in Milan even easier...

German airline Lufthansa recently signed a strategic partnership agreement with Milan's Malpensa airport that will see the German airline increase its European flights to and from the northern Italian airport.

Lufthansa Services Vice President Karl Ulrich Garnadt, explained: ''Milan and the Lombardy region are among the strongest and most important markets in Europe and have an elevated volume of passengers. By reinforcing our flights, we will be in a position to offer our Italian clients a wider network of routes to interesting European destinations in the future”.

Back on track

SEA president Giuseppe Bonomi added: “The Lufthansa agreement will help put the airport back on track after ailing national carrier Alitalia cut more than half of its Malpensa traffic in March in order to reduce its losses there, said to be some 200 million euros a year.

''The agreement shows what we have known for a while now: that for Malpensa Alitalia represents the past, while the future is with those who believe in the development of the airport,'' Bonomi said.

Milan mayor Letizia Moratti welcomed the news as a ''new phase'' that would confirm Malpensa's role as a large European hub in coming years. The alliance gives concrete prospects for the development of Malpensa, which can look towards the future with confidence - independently of the fate of Alitalia”.