Italian infrastructure group Atlantia on Thursday raised its 2021 guidance after reporting a 27% increase in core profit for the first nine months when excluding its domestic motorway business which it has agreed to sell. The group controlled by the Benetton family said it expected 2021 revenue to come in at 6 billion euros ($6.9 billion), improving a previous forecast of 5.7 billion euros thanks to a post-Covid rebound in motorway traffic. Atlantia said earnings before interest, tax, depreciation and amortisation (EBITDA) were 2.9 billion euros in the first nine months net of the contribution from Autostrade per l'Italia, its domestic motorway network which the group is selling after a deadly bridge collapse in 2018.
ROME (Reuters) -Airports in the Italian cities of Rome, Venice and Bologna and on the French Riviera have teamed up to create a company to build and manage infrastructures for flying taxis, the companies said in a statement on Tuesday. The infrastructure, also known as vertiports, will be used to deploy battery-powered aircraft that can take off and land vertically, offering a new way for travellers to beat traffic and hop between cities. Atlantia's Aeroporti di Roma, Aeroporto di Venezia, Aeroporto Guglielmo Marconi di Bologna and France's Aeroports de la Cote d’Azur said their company, called Urban Blue, will be open to other industrial, technology and financial partners for the gradual expansion of the project in Italy, France and elsewhere.
Italian infrastructure group Atlantia said on Friday a deal had been reached with the Italian transport ministry to close a dispute over a fatal bridge collapse. The settlement paves the way for the closing of a sale of Atlantia's stake in its motorway unit Autostrade per l'Italia to a consortium led by state-lender CDP. A road bridge operated by Autostrade collapsed in the northern city of Genoa on Aug. 14, 2018, killing 43 people and triggering a legal battle.