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Report on Operations                                                           41

Government/ENAV Program and Service Agreements

With regard to Program and Service Agreements for 2010-2012 and
2013-2015, CIPE, with resolution no. 29/2014, registered by the Court of
Accounts on 11 December 2014, announced its favorable opinion of both
contractual schemes, while nevertheless making a few observations not
referring to the economic and performance aspects governed by such
agreements.

Following such observations, the work group examined the CIPE report
and took steps to make the necessary changes to the contractual schemes
and to the technical attachments to the agreements. In early 2015, the
contractual schemes and the technical attachments were sent to the
Transport Commission of Parliament and to the Senate Public Works
Commission for the formulation of a definitive opinion, preparatory
to stipulation of same. In this regard, on 6 May 2015 the Senate Public
Works Commission issued a favorable opinion on the program schemes,
indicating the need to approve the next agreement for 2016-2018 prior
to the beginning of the effective period and, in all cases, so that it may
be transmitted in a timely manner to the competent parliamentary
commissions.

Military Airports

The transfer of military airports to ENAV is governed by article 3 of
the 2013-2015 Program Agreement, which calls for the transfer of air
navigation services from the Italian Air Force to ENAV, based on specific
interministerial transfer decrees, for the military (now civil) airports of
Rome Ciampino, Verona Villafranca, Brindisi, Treviso and Rimini. The
objective is to ensure a smooth transition of such services and guarantee
continuity of air navigation services at such airports without weighing on
the economic efficiency of the new managing company.

While awaiting the signing of the 2013-2015 Program Agreement, and
to avoid possible disruptions of traffic and services at such airports, the
Transport Ministry has authorized ENAV to begin preparations for the
transfer in terms of infrastructure and personnel training. The Rome
Ciampino and Verona Villafranca airports were transferred to ENAV at
the end of May 2014. With regard to the other airports, the current plan
calls for ENAV to take over Treviso airport in June 2015, Brindisi airport in
December 2015, and Rimini airport by the end of 2016.
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