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Airlines

Name: AIR ITALY
7JetSet7 Code: ITZ
Status: Currently Not Operational
Region: EUROPE
City: TURIN
Country: ITALY
Employees 500
Web: airitaly.it
Email: info@airitaly.it
Telephone: +39 0331 211 011
Fax: +39 0331 211 019
Sita:
Background
(definitions)

Click below for data links:
ITZ-2005-06-A
ITZ-2005-08-A
ITZ-2008-06-A
ITZ-2008-06-B
ITZ-2008-06-C
ITZ-2008-06-D
ITZ-2008-06-E
ITZ-2012-02-A
ITZ-2012-02-B
ITZ-2012-02-C
ITZ-2012-02-D
ITZ-2012-02-E
ITZ-2012-02-F
ITZ-2012-02-G
ITZ-FLIGHT CREW CABIN ATTENDANTS - 2008-05
ITZ-MAINTENANCE MRO HANGAR
ITZ-MAP

FOUNDED IN 2001 AND STARTED OPERATIONS IN 2005. SEE FREE AIR/AIR ITALY (FRX). INTERNATIONAL, CHARTER, PASSENGER AND CARGO, JET AIRPLANE OPERATIONS.

ADDRESS:
CORSO SEMPIONE, 111
21013 GALLARATE (VA), ITALY

ITALY (ITALIAN REPUBLIC) WAS ESTABLISHED IN 1861, IT COVERS AN AREA OF 301,268 SQ KM, ITS POPULATION IS 58 MILLION, ITS CAPITAL CITY IS ROME, AND ITS OFFICIAL LANGUAGE IS ITALIAN.

AUGUST 2001: STARTED OPERATIONS CATANIA/PALERMO - GENOA (SAAB 2000). 767'S WILL BE USED FOR CHARTER OPERATIONS FROM MILAN (BRESCIA) & ROME.

2 767-300ER'S (28111; 29435), EX-(LTU), (ILF) LEASED.

SEPTEMBER 2001: CATANIA/PALERMO - BOLOGNA.

September 2002: Completely takes over Free Air (FRX).

June 2005: 757-230 (24738, I-AIGB), ex-DutchBird (DUT). Operates Milan - Istanbul.

July 2005: Air Italy (ITZ) who suspended operations in 2002, has been revived by Captain Giuseppe Gentile, head of Marchin Investments (with a 40% shareholding) together with financial backing from BVMS, UK (with 40%) and Pathfinder, Luxembourg (with 20%), with the intention to operate charter flights in the style of Air Europe (EIY) (Gentile's former employer).

(ITZ) was established by Captain Giuseppe Gentile, who is thus facing yet another challenge in the civil aviation sector. Already the founder and General Manager of (EIY) in the 1990s, Captain Gentile decided at the beginning of 2005 to enter the field once again. (ITZ) was the first company to pass the test set by the economic and financial commission of the civil aviation authority, after the recent insolvencies in the sector. On 26 May 2005, (ENAC) (Ente Nazionale Aviazione Civile – Italian Civil Aviation Authority) issued the operator licence; the inaugural flight was just three days later from Turin to Budapest. The initial aim of (ITZ) has been to offer charter type air carriage services on international and intercontinental routes, and then gradually develop regular scheduled flights. Operating reliability and careful cost management have been the guiding principles for (ITZ) from the start.

The same trump cards which existed for (EIY) had built up its success on high standards of quality, punctuality and safety/security. The first airplane of the (ITZ) fleet was acquired on 25 May 2005. (ITZ) made its first take-offs from the operating bases of Milan Malpensa, Verona and Rome, but ever since summer 2005, its "empennage" or tailplane can be seen in the main Italian and international airports.

(ITZ) ended its second business year (of just 10 months) with 51 million €, an (EBITDA) of 1.6 million €, and a net profit of +0.2 million €. The end of 2006 saw the start of another long period of investments for (ITZ), with the outlay for 40% of the capital of the Synergo fund (Sinergia con Imprenditori - Synergy with businessmen). The fund created by Gianfilippo Cuneo will invest 30 millions in the next 4 years. The first outcome of Synergo´s entry into Giuseppe Gentile´s (ITZ) has been a four-year industrial plan, that contemplates development in Europe and entry into the market of low cost services. With the entry of the "Sinergia con Imprenditori" fund, (ITZ) aims at achieving within the next 3 years a revenue of around 300 million euro, approximately 2 million passengers and income levels in line with the best international standards in the sector.

October 2005: Air Italy (ITZ) will wet-lease a 767 from (LOT) Polish Airlines for the coming winter season. The airplane is expected to operate charter services from Verona to Havana, Holguin, and Punta Cana from December through May. In July, the airline is expected to take delivery of its own 767-300. In the meantime, (ITZ)'s 2 757-200s are operating flights on behalf of Cameroon Airlines (CAM) until December 20th, at which point they will resume the airline's own flights.

December 2005: Air Italy (ITZ) has opened a new maintenance hangar at Verona's Valerio Catullo Airport to provide light checks on its own fleet of 757's and recently acquired 767, and to complete work for third parties. It is managed by Air Italy Technique, a new sister company to the charter airline.

(ITZ) took delivery of a 767-35DER (28656, SP-LPC) on wet-lease from (LOT) Polish Airlines. The airplane will be in service with (ITZ) until May 2006.

March 2006: Plans to lease a third 757-200 for the summer season.

757-230 (24747, I-AIGC), ex-Dutchbird (DUT), Guggenheim Aviation (GUG) leased delivery (see photo).

July 2006: 767-300ER (I-AIGG), delivery (see photo).

October 2006: Sabre Airline Solutions signed a $3.1 million, five-year deal with Air Italy (ITZ) to implement the SabreSonicPassenger Solutions suite of passenger management products covering reservations, check-in, ticketing and online booking. (ITZ), which is changing its business model from that of a charter airline to a scheduled operation, recently secured €30 million/$37.6 million of capital expenditure funding.

March 2007: Starting June 1st, Verona - Barcelona; - Berlin; - London (STN); - Madrid; - Moscow; - Paris; - Prague; - Sofia; & - Warsaw; all using 737-300s.

Forms subsidiary, Euro Mediterranean Airlines (EUM) that flies the Egyptian flag. Air Italy (ITZ) holds 75% of (EUM)´s capital, while the remaining 25% belongs to professionals in the sector. An average of 10 flights a week is envisaged for the next season, linking the best known Egyptian tourist destinations with Italy, France, Germany, Poland, and England. The aim is to achieve with one 757-200 (220Y), a turnover of 20 million in 2007, which will rise to 50 million in 2008.

June 2007: Aviareps and its Airline Centre subsidiary will take over all future sales and marketing activity for Air Italy (ITZ) in Germany, Czech Republic, Poland, Bulgaria, Spain and the UK.

May 2008: Air Italy (ITZ) provides scheduled flights for leading tour operators to destinations within Europe, Brazil, and Kenya.

(IATA) Code: I9. (ICAO) Code: (AEY) (Callsign - AIR ITALY).

Parent organization/shareholders: BV Asset Management (40%); Giuseppe Gentile (40%); & Pathfinder (20%).

Subsidiary: Euro Mediterranean Airlines (EUM), Egypt (75%).

Main Base: Turin International Airport (TRN).

Hub: Milan Malpensa Airport (MXP).

March 2009: AD Aerospace said charter carrier Air Italy (ITZ) selected its CabinVu-123 cockpit door surveillance technology for its 737s.

April 2009: NavAero said Air Italy (ITZ) chose its tBagC22 computer and display systems as the Class 2 Electronic Flight Bag (EFB) flight deck hardware on its 737, 757 and 767 fleets.

2 737-36Ns (28561, EI-IGR; 28562, EI-IGS), (GEF) leased and 2 737-430s (27003, EI-COK), AirCastle leased and (27007, D-AGMR), Compass Capital leased.

June 2009: 737-84P (35074, I-AIGL), Itochu leased, ex-(N574TC).

May 2010: 737-36N (28562, EI-IGS), (GEF) leased, ex-(N562SM).

August 2010: Air Italy (ITZ) has added three additional ex-Air One (ADH) and ex-China Eastern Airlines (CEA) 737-300s that it has used to increase its domestic and international short haul network:
Genoa - Palermo: daily 737-300 service (already launched);
Naples - Milan Orio al Serio: 2x daily 737-300 service started on May 3;
Naples - Nice: 4x weekly seasonal 737-300 service between July 26 and September 5;
Naples - Palermo: daily 737-300 service resumed on May 3;
Turin - Catania: 2x daily 737-300 service (already launched);
Turin - Rome Fiumicino: 2x daily 737-300 service (already launched);
Verona - Catania: 6x weekly 737-300 service (already launched);
Verona - Palermo: 5x weekly seasonal 737-300 service until September 3;
Verona - Yerevan: 2x weekly 737-300 service started on April 27.

EgyptAir (EGP) Maintenance & Engineering was selected by Air Italy (ITZ) as its Maintenance Repair & Overhaul (MRO) Provider in Cairo and Sharm El Sheikh.

October 2011: Meridiana Fly (ALS) having already embarked on a round of consolidation through its link-up with leisure carrier Eurofly (EUY), has now struck a deal to merge with leisure operator Air Italy (ITZ) to have a fleet of 35 airplanes.

The combination is aimed at establishing a strong Sardinian operation, and targets a financial turnaround. (ALS)/(EUY) first half losses increased to -€69 million/-$93 million, with a combined revenue in excess of >€800 million.

January 2012: Air Italy (ITZ) has dropped its routes from Milan Orio al Serio to Naples and Olbia, given its new parent Meridiana Fly (ALS)/(EUY) serves the routes from Milan Linate. It also no longer operates between Naples and Palermo. All of these routes have been cut by the end of October.

Meridiana Fly (ALS)/(EUY) has announced further details of its restructuring plan that sees (ALS)(EUY) reducing its MD-80 fleet down to 7 airplanes based in Olbia. (ALS)/(EUY) and Air Italy (ITZ) are still operating as separate entities but are utilizing each other’s airplanes as required and the merger process has been heavily delayed because of disputes between management and trade unions, a variety of other fleet development plans have been announced and then again withdrawn but will obviously be key to the success of the merger given Air Italy (ITZ) operates 737s and 767s and Meridiana Fly (ALS)/(EUY) besides their MD-80s, operates A319s, A320s and A330s.

They have launched joint new routes:
Milan Linate - Bari: 2x daily A320-200 service has started on October 30;
Verona - Mauritius: weekly 767-300ER service has started on December 19 (operated by Air Italy (ITZ)).

Meridiana Fly (ALS)/(EUY) has given up its routes from Florence to Barcelona on August 27, from Milan Malpensa to Colombo Bandaranaike International on September 13, from Milan Malpensa to Cairo on September 16, from Florence to Madrid on October 10, and from Bologna Marconi to Catania, from Florence to Catania and Olbia, as well as from Verona to Tel Aviv Ben Gurion in late October. It will also terminate its Bologna Marconi - Moscow Domodedovo services as of January 13 and its Rome Fiumicino - Tel Aviv Ben Gurion route on March 22. Meridiana (ALS)/(EUY) had again operated its seasonal summer only services from Tortoli to Milan Malpensa, Rome Fiumicino and Verona between August 8 and October 10 using an ATR42-300 wet-leased from DAT - Danish Air Transport.

Meridiana Fly (ALS)/(EUY) has entered into a unilateral code share agreement offering Air Berlin (BER) services between Italy and Germany under (ALS)/(EUY) flight numbers as well. In addition, it now also code shares with Royal Jordanian (RJA) on (RJA) services from Milan Malpensa and Rome Fiumicino to Amman Queen Alia.

(ITZ) has retired its last 757-200 that is now being converted into a freighter for FedEx Express (FED). It has operated its two 767-200ERs and one of its two 767-300ERs for Saudi Arabian Airlines (SVA) during the 2011 Hajj season.

May 2012: Air Italy (ITZ) has started operating a single 737-84P (35074, I-AIGN) again after the airplane has returned from a lease contract with Air Poland ((IATA) Code: 4Q, based at Warsaw Fryderyk Chopin airport (WAW)).

July 2012: New parent, Meridiana Fly (ALS)/(EUY) had a net loss of -$42 million for the second quarter. Has had to cut (ASK) capacity by a third during the first half.

January 2013: Meridiana Fly (ALS)/(EUY), which had its license downgraded by the Italian civil aviation authority (ENAC) this month, said it will continue normal flight operations. A new provisory license, issued because of the airline’s financial difficulties, expires in one year.

Meridiana S p A (ALS), which merged with Air Italy (ITZ) in 2011, reacted swiftly to the license downgrade by replacing (CEO), Giuseppe Gentile with controlling stakeholder Aga Khan Fund for Economic Development (AKFED), Aviation Director, Roberto Scaramella. It also outlined a new business plan and struck a deal to buy out the 38.71% stake held by Air Italy (ITZ)’s former shareholders, taking its total Meridiana Fly (ALS)/(EUY) ownership to 89.91%.

Meridiana S p A (ALS) has offered former Air Italy (ITZ) shareholder, Marchin Investments €0.506 per share. The two other shareholders (Pathfinder and Zain Holding) accepted a slightly higher price of €0.596 per share. The share transfer is set to conclude by February 15.

“With regard to the (ENAC) decision to suspend the license and simultaneously assign a provisory license, the company confirms there will be no change in its operations. Further, consultations will be immediately initiated with the air transport authority to collectively plan the re-issuance of a permanent license,” Meridiana Fly (ALS)/(EUY) and its parent company, Meridiana S p A said in a joint statement.

Meridiana S p A and (AKFED) will step in, if recapitalization is needed.

Three other Meridiana Fly (ALS)/(EUY) Directors ((CCO), Alessandro Notari, Carlo Rota and Mario Porcaro) also resigned as part of the shake-up. In addition, four auditors across the two airlines will step down.

Olbia-headquartered, Meridiana Fly (ALS)/(EUY) was created in 2010 following the merger of charter airline Eurofly (EUY) and scheduled carrier, Meridiana (ALS).

According to its new business plan, Meridiana Fly (ALS)/(EUY) will remain active in all its “strategic areas,” although it will push ahead with significant network and capacity cuts initiated January 7. It is also planning to return some excess airplane to lessors. A staff lay-off plan was agreed to in December.

The airline’s losses now exceed one-third of its share capital and late last year a source familiar with the situation said: “Meridiana Fly (ALS)/(EUY) needs to survive until next April. Next summer, either the airline takes off or it will go down.”

Later, Air Italy ((IATA) Code: I9, based at Milan Malpensa (MXP)) and sister carrier Meridiana fly ((IATA) Code: IG, based at Olbia Costa Smeralda (OLB)) (ALS)/(EUY) have both had their full air operator certificates (AOC) revoked by Italian Civil Aviation Authority (ENAC) due to the financial difficulties of the two carriers. Both have now been issued temporary air operator certificates (AOC)s instead that will expire in one year. During a turbulent board of Directors meeting following the decison, the carriers have decided to fully merge Air Italy (ITZ) into Meridiana Fly (ALS)/(EUY) from February 15 onwards and to replace (CEO), Giuseppe Gentile by Roberto Scaramella based on a proposal by Meridiana (ALS) Founder and minority investor, Aga Khan. The existing Meridiana (ALS)/(EUY) investors including the Aga Khan Fund for Economic Development will also acquire the 38.71% stake in Meridiana fly (ALS)/(EUY) and Air Italy (ITZ) currently owned by the Air Italy Holding in which Gentile also owns a share.

March 2013: Financially troubled Italian carriers Air Italy (ITZ) and Meridiana Fly (ALS)/(EUY) were expected to have merged on February 15. The airlines had their Air Operator Certificates (AOC)s revoked by the Italian Civil Aviation authorities (ENAC) in mid-January and are flying under temporary arrangements which are due to expire at the end of 2013.

August 2013: SEE VIDEO OF AIR ITALY (ITZ) 737-8BK LOW LANDING AI SKIATHOS, GREECE:

December 2013: Meridiana (ALS)/(EUY) started new flights from Naples (NAP) on December 7th, linking Italy’s third largest municipality (after Rome and Milan) to Kiev Boryspil (KBP). The weekly (Saturday) operation intends to utilize leased-in 737-300 equipment from Air Italy (ITZ) on the 1,650 km sector. There are no competitors on the city-pair and this represents (ALS)/(EUY)’s first service to the Ukrainian capital. However, Meridiana (ALS)/(EUY) also intends to start a twice-weekly operation from Verona to Kiev Boryspil from December 21st.

Fleet:
(definitions)

Click below for photos:
ITZ-757-200
ITZ-757-230
ITZ-767-300 I-AIGG
ITZ-767-35DER

December 2013:

1 737-3Q8 (CFM56-3B2) 1598-24299, /88 I-AIGM), (AWW) LSD 2007-05 148Y.

1 737-33A (CFM56-3B2) (1438-23636, /87 I-AIGL), (AWW) LSD 2007-05. 148Y.

2 737-36N (CFM56-3C1) (2896-28561, /97 EI-IGR; 2906-28562, /97 EI-IGS), AIRCRAFT FINANCE TRUST LSD 2010-04. WITH WINGLETS. 148Y.

1 737-36Q (CFM56-3C1) (2928-29056, /97 EI-DOH), DEUTSCH STRUCTURED FINANCE LSD 2010-07. 148Y.

1 737-430 (CFN56-3C1) (2328-27003, /92 EI-COK), AIRCASTLE (CSL) LSD 2010-04. 162Y.

1 737-430 (CFM56-3C1) (2367-27007, /92 D-AGMR), COMPASS CAPITAL LSD 2010-04. 162Y.

1 737-7GL (CFM56-7B22) (2578-37233, /08 I-AIGP), EX-(EI-IGP), AEY AVIATION LSD 2009-02. WITH WINGLETS. 149Y.

1 737-8Q8 (CFM56-7B27) (1693-30040, /05 SU-MWE), (ILF) LSD, MIDWEST AIRLINES WET-LSD 2010-08. WITH WINGLETS. 189Y.

1 737-84P (CFM56-7B) (35074, I-AIGL; I-AIGN), ITOCHU LSD 2009-06, EX-(N574TC). (I-AIGN) TO (SP-IGN) AS AIR ITALY POLSKA OPS 2010-08.

0 757-230 (PW2030) (275-24747, /90 I-AIGC, SEE PHOTO), EX-(DUT)/(FIH)/(CDF), (GUG) LSD 2006-03. FOR AIR ITALY POLSKA OPS 2010-06. 12C, 220Y.

0 757-230 (PW2040) (274-24738, /90 I-AIGB "CITTA DI SOMMA LOMBARDO;" 285-24748, /90 I-AIGA, 2006-05 (SEE PHOTO)), EX-(DUT). WET-LST (CAM) TIL 2005-12. 12C, 220Y.

1 767-23BER (CF6-80C2B4) (208-23973, /88 I-AIGH), EX-(N252MY). WET-LST (SVA) FOR HAJJ 2011-09. 12C, 241Y.

1 767-23BER (CF6-80C2B4) (214-23974, /88I-AIGI), EX-(N253MY). WET-LST (SVA) FOR HAJJ 2011-09. 12C, 241Y.

2 767-304ER (CF6-80C2B7F) (610-28039, /96 I-AIGJ; 614-28041, /96 I-AIGG - - SEE PHOTO), WET-LST (SVA) FOR HAJJ 2011-09. 12C, 276Y.

0 767-35DER (CF6-80C2B6) (659-28656, /97 SP-LPC "POZNAN"), (LOT) WET-LSD TIL 2006-05. 18C, 225Y.

1 767-3G5ER (PW4060) (612-28111, /96 D-AMUJ; 720-29435, /98 D-AMUO), EX-(LTU), (ILF) LSD 2001-08. 28111 NTU. 12C, 274Y.

0 MD-83 (JT8D-219) (1784-49937, /90 35 14 EI-CMM; 1788-49940, /90 37 14 PB), EX-(EUY), (DEA) LSD 2001-12. RTND 2002-12.

0 SAAB 2000 (013, F-GTSL; 014, F-GTSB), RTND.

Management:
(definitions)

ARMANDO CRISPINO, CHAIRMAN.

ROBERTO SCARAMELLA, CHIEF EXECUTIVE OFFICER (CEO), PARENT, MERGED MERIDIANA FLY (ALS)/(EUY) AND AIR ITALY (ITZ)

CAPTAIN GIUSEPPI GENTILE, MANAGING DIRECTOR, AIR ITALY (ITZ).

CARMELO STANZIOLA, CHIEF EXECUTIVE OFFICER (CEO).

 
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