Air Italy has ceased all own operations, and gone into liquidation, albeit with few routes to be served until 25 February 2020 by third-party carriers. This comes following a joint decision by both of its shareholders, Qatar Airways and Alisarda.
The airline reportedly registered a loss of more than €200 million (KSh22 billion) in FY2019.
Other European n airlines that have ceased operations include Primera Air, Wow Air, Germania, and British air carrier, Flybmi.
Before its liquidation, Air Italy was a privately owned Italian airline, headquartered in Olbia, Sardinia. It was the second largest airline in Italy, after the country’s national carrier, Alitalia. As of 2019, it was also the 40th largest airline in Europe by number of passengers.
The airline was a subsidiary of AQA Holding, owned by Alisarda (51%) and Qatar Airways (49%). It flew to over 34 scheduled domestic, European and intercontinental destinations. Its main hub was at Milan Malpensa Airport.
See Also:
