||Currently Not Operational
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STARTED OPERATIONS IN 1998. VOLARE (VLR) TRADES AS VOLAREWEB. DOMESTIC & INTERNATIONAL, SCHEDULED & CHARTER, PASSENGER & CARGO JET AIRPLANE SERVICES.
VIA MARSALA. 34A
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.
JANUARY 1998: BASED IN BERGAMO, VERONA.
INCLUSIVE-TOUR CHARTER PASSENGER SERVICES TO EUROPE AND THE MEDITERRANEAN. "VOLARE" MEANS "TO FLY."
SERVICE FROM MILAN MALPENSA & VERONA AIRPORTS FROM APRIL 1998 FOR GAPS LEFT BY NOMAN (FOR) AND TEA ITALY (TEI).
2 +3 ORDERS (1999) A320'S (CFM), GATX LEASED, (420 EX-(BCM), 436 EX-(FLN)).
MARCH 1998: 3 YEAR MAINTENANCE CONTRACT FOR 2 A320'S TO SWISSAIR TECHNICS (SWS).
APRIL 1998: OPERATES FROM TIENE, NEAR VENICE ON SHORT-HAUL EUROPEAN ROUTES.
BEGINS OPERATIONS WITH 2 A320'S. 3RD AIRPLANE IN NOVEMBER 1998, AND 4TH IN APRIL 1999. 1ST A320-211 (436) DELIVERY.
SEPTEMBER 1998: 3RD A320 IN NOVEMBER 1998 IS EX-AIR FRANCE (AFA).
OCTOBER 1998: SAIR GROUP (SWS) BUYS 34% STAKE IN VOLARE (VLR).
2 ORDERS (NOVEMBER 1998) A320'S (CFM56-5A3) (343; 189), EX-LEISURE INTERNATIONAL (UKL), GATX/CL AIR LEASED (F-OHFR).
NOVEMBER 1998: A320-212 (343), GATX (GAX) LEASED.
APRIL 1999: 94 EMPLOYEES (INCLUDING 23 FLIGHT CREW (FC), 34 CABIN ATTENDANTS (CA), & 17 MAINTENANCE TECHNICIANS (MT)).
(email@example.com). SITA: VRNCO8D.
MAY 1999: 3RD A320 (190) (CFM56) (190), EX-UK LEISURE (UKL).
AUGUST 1999: 2 ORDERS (FEBRUARY 2000) A320's (CFM56), GECAS (GEH) LEASED.
OCTOBER 1999: WITH DEBONAIR (DEB) CEASING OPERATIONS, VOLARE (VLR) TAKES OVER SWISSAIR EXPRESS (CSR) CONTRACT FOR ZURICH - TURIN/VENICE (2 A320'S).
JANUARY 2000: 1 A320-200 (1125), FLIGHTLEASE (FLL) LEASED.
FEBRUARY 2000: 1 A320-214 (1152, EI-CUC), (GECAS) (GEF) 84 MONTH LEASED.
MARCH 2000: 1 A320-232 (542, EI-CUM), (ILF) LEASED.
APRIL 2000: POSSIBLE MERGER WITH AIR EUROPE ITALY (EIY), BOTH OWNED BY SAIRGROUP (SWS).
PLANS TO INCREASE INTERNATIONAL SERVICES FROM VENICE, TO ADD VERONA - ROME AND POSSIBLE SERVICE FROM MILAN (LINATE).
200 EMPLOYEES (INCLUDING 47 FLIGHT CREW (FC), 78 CABIN ATTENDANTS (CA), & 35 MAINTENANCE TECHNICIANS (MT)).
1 A320-214 (1198, EI-CUK), (GEH) LEASED. 1 ORDER (APRIL 2001) A321-200, (GEH) LEASED.
JULY 2000: SAIRGROUP (SWS) MERGES VOLARE (VLR) WITH AIR EUROPE (EIY), UNDER SINGLE HOLDING COMPANY, VOLARE GROUP. (SWS) OWNS 34% (VLR), AND 45% (EIY). (SWS) WILL HOLD 49.9% OF VOLARE GROUP, AND (VLR) WILL HOLD 35.1%. (EIY) AND (VLR) WILL LIKELY RETAIN THEIR SEPARATE IDENTITIES.
COMBINED FLEET OF 24 AIRPLANES: 18 A320'S, 4 767'S, 2 777'S, WITH BOEING AIRPLANES TO BE REPLACED WITH A330'S, BY 2002.
1999 = +$1.12 MILLION.
1 A320-214 (1259, F-OHFX), FLIGHTLEASED (FLL).
AUGUST 2000: 1 A320 (CFM56-5A1) (235), EX-AIR PORTUGAL (TAP), GATX (GAX) LEASED.
DECEMBER 2000: SOLD 1 A320-214 (1125) TO (GECAS) (GEF) AND LEASED BACK FOR 10 YEARS. 3 A320-214'S (1132, I-PEKA; 1162, I-PEKZ; 1179, I-PEKC), EX-AIR EUROPE ITALY (EIY).
FEBRUARY 2001: TO ACQUIRE EUROFLY (EUY) FROM ALITALIA (ALI).
MARCH 2001: 1 A321-211 (1451), (GEF) LEASED.
APRIL 2001: 200 EMPLOYEES (INCLUDING 47 FLIGHT CREW (FC), 78 CABIN ATTENDANTS (CA), & 35 MAINTENANCE TECHNICIANS (MT)).
MAIN BASE: VERONA VILLAFRANCA INTERNATIONAL AIRPORT.
HUBS: BERGAMO (ORIO AL SERIO) & MILAN (MALPENSA).
1 A321, (GEF) 10 YEAR LEASED.
SEPTEMBER 2001: MILAN - CAGLIARI.
OCTOBER 2001: SWISSAIR (SWS) 49% STAKE IN VOLARE (VLR) TO BE SOLD. (LUFTHANSA (DLH) IS INTERESTED).
CATANIA - VENICE.
3 767-300ER'S TRANSFERRED FROM SUBSIDIARY AIR EUROPE (EIY).
NOVEMBER 2001: MILAN (MXP) - ILHA DO SAL (A321 2/WEEK CHARTER).
DECEMBER 2001: MILAN - CAGLIARI. CODE SHARE WITH AIR SICILIA (SNL), CATANIA/PALERMO - MILAN (LINATE). NAPLES/VENICE - BRUSSELS (A320, DAILY).
1 A321 (CFM56) (1607, I-PEKN), SALE (SIL) 93 MONTH LEASED.
FEBRUARY 2002: ITALIAN BUSINESSMAN, GINO ZOCCAI BOUGHT SWISSAIR'S (SWR) 49.8% STAKE IN VOLARE (VLR), FOR CHF70 MILLION.
PLANS FOR COMMERCIAL ALLIANCE WITH (KLM).
MARCH 2002: (firstname.lastname@example.org).
5 ORDERS (JUNE 2002) A330-200'S, (ILF) 10 YEAR LEASED.
MAY 2002: A330-202 (205, I-VLEC), (ILF) LEASED.
JUNE 2002: CODE SHARE AND AGREEMENT WITH ALITALIA (ALI) TO PROVIDE HEAVY MAINTENANCE FOR ALL VOLARE (VLR) AIRPLANES.
BARI TO TIRANA. MILAN LINATE (LIN) TO BARCELONA. MILAN (LIN) & MILAN MALPENSA (MXP) TO BRINDISI. VENICE TO LONDON GATWICK (LGW).
1 A330-202 (I-VLEF) DELIVERY.
August 2002: Alitalia (ALI) is expected to sell 80% of its subsidiary EUROFLY (EUY) to Volare (VLR).
September 2002: Rome (FCO) to Berlin (TXL) and to Zurich.
November 2002: Alitalia (ALI) rejected Volare (VLR) offer to buy Eurofly (EUY), to consider other offers, including management buyout.
In December 2002, Milan to Paris - Havana (Mondays); Milan - Bologna - Santo Domingo (Saturdays); & Milan - Santo Domingo (Sundays). Rome (FCO) to Cancun - Havana (A330, weekly) for Air Europe Italy (EIY).
2 A330-203's (463, I-VLEG; 504, I-VLEH), (GEF) leased.
December 2002: Alitalia (ALI) intends to take a 15% stake in the Volare Group (VLR).
To start low-fare operation in March 2003, called volareweb.com with 8 A320-200's, from bases at Milan (Orio al Serio) and Venice to France, Germany, and Spain with domestic services later.
767-330ER (25208, I-VEIY), returned to Heller Financial. 3 orders (June 2003) A319's.
January 2003: 2002 = +EUR 200,000.
A321-211 (1233, EC-ILG), GECAS (GEF) leased.
February 2003: In March 2003, volareweb.com, Bari - Beauvais (Paris), Milan (MXP) - Beauvais/Bilbao/Cagliari/Palma de Mallorca/Valencia, Milan (Bergamo/Orio al Serio) - Catania/Rome (FCO), Naples - Brussels, Palermo, Venice - Alghero/Beauvais/Bridisi/Cagliari/Catania/Hahn (Frankfurt)/London (LGW)/Madrid/Olbia/Palermo. In June 2003, Milan (Bergamo/Orio al Serio) - Cagliari (5/day).
Contract to Rotable Asset Management to manage and fund support for rotable airplane parts for (VLR)'s fleet of 25 Airbus airplanes.
March 2003: Bologna - Ilha do Sal (A321, charter). In May 2003, Naples - Zurich (6/week).
April 2003: Applied for authority for service from Milan (MXP) to Beijing and Shanghai (Pudong).
Received 3,650 slots at Paris Orly (ORY) formerly held by defunct Air Lib (ALB), will begin service Paris - Bari, Milan, and Venice.
May 2003: 4 orders (October 2003) A320-200's & 2 orders (October 2003) A330-200's. A320-212 (446, I-PEKR), (ILF) leased, for VolareWeb.com operations.
June 2003: Sabena Technics (SAB) has flight hour contract with Volare (VLR) for test, repair, & overhaul of components for 18 A320's, 2 321's, & 6 A330's.
Milan (MXP) - Irakleion (weekly).
1 A320-200 (CFM56-5A3), Ansett Worldwide (AWW) leased, 180Y. 2 A320-232's (V2500) (1856, I-PEKS; 1909, I-PEKT), SALE (SIL) leased for VolareWeb ops.
July 2003: 1,100 employees. SITA: VRNDT8D.
Code share with WindJet (WJT), Rome (Fiumicino) - Catania/Palermo, Catania - Milan (Orio al Serio)/Venice, and Palermo - Naples/Venice.
August 2003: (LTU) takes over 100% of Leisure Cargo GmbH, Dusseldorf, as a joint venture with Swiss Cargo. Leisure Cargo, headed by Ralf Auslander markets belly hold capacity of the combined 75 airplanes of (LTU), Air Europe (EIY), Sobelair (SBL), Belair (BLB), Iberworld (IBW), Volare (VLR), East African Safari Airlines (EFZ), and Islas Airways. The company operates from Hamburg, Dusseldorf, Frankfurt, and Munich with 78 sub-agents worldwide.
Volare Airlines (VLR) is turning over its scheduled services to VolareWeb and will operate only charters in the future.
VolareWeb, Turin - Bari. Milan (MXP) - Palermo (2/week). In 10/03, Milan (LIN) - Bari (2/day)/Naples (3/day)/Palermo (2/day).
September 2003: In October 2003, to transfer its UK-operations to London Luton with launch of volareweb.com services to Venice (Marco Polo), Rimini, and Cagliari (A320, daily).
2002 = 4.96 billion (RPK) (passenger traffic) (-.8%); 3.1 million passengers (PAX) (-1%).
2002 TOP WORLD AIRLINES PASSENGER TRAFFIC (RPK) (Billion):
95 (QTA) 6.20; 96 (COI) 5.96; 97 (AAL) EAGLE) 5.94; 98 (LOT) 5.87; 99 (FRO) 5.45; 100 (WJI) 5.49; 101 (MAU) 5.34; 102 (ATLANTIC SE) 5.31; 103 (JPL) 5.16; 104 (SHA) 5.15; 105 (AVI) 5.10; 106 (VLR) 4.96; 107 (SKYWEST) 4.82; 108 (SBL) 4.75; 109 (CNW) 4.67.
October 2003: Volareweb, Hahn/Milan (LIN)/Rome (FCO) - Berlin (Schonefeld), Rome (FCO) - Paris (Orly) (all daily). In November 2003, Venice - Bucharest (3/week)/Timisoara (4/week). Catania - Paris (ORY) (4/week).
Ends cooperation with Alitalia (ALI).
A321-211 (1451, I-PEKM) returned to GECAS (GEF).
December 2003: Joins European Low Fares Airline Association (ELFAA), including Air Berlin (BER), Basiq Air (TAV), FlyBe, Flying Finn (FFW), Hapag Lloyd Express (HAP), Ryanair (RYR), Sky Europe (SKP), Sterling (STR), Sverigefly, and VolareWeb (VLR).
Volare Airlines (VLR) has been acquired by Eduardo Eurnekian, an Argentine-Armenian, who also has interests in Southern Winds (SOW) and Armenian International Airways (ARQ), and is being recapitalized with EUR 40 million. All long-haul charter service has ceased, with the 6 A330-200's returned to (ILF) & (GEF), to focus on European operations. The A320/A321 fleet is to double in 30 months with the intention of becoming the 3rd largest Low-Fare Airline (LFA) in Europe (after Ryanair (RYR) & easyJet (EZY).
In March 2004, VolareWeb, Palermo - Paris (Orly) (A320, 3/week).
January 2004: A330-203 (504) returned to GECAS (GEF).
February 2004: (HAP) Express marketing agreement with VolareWeb (VLR), Germany to Italy: Venice - Bari; in April 2004, Cologne/Bonn & Stuttgart to Bari (737-700, 3/week); in May 2004, Hannover - Newcastle. In September 2004, Milan (MXP) - Palma de Mallorca (3/week); resume Milan (LIN) - Lampedusa (weekly).
767-3YOER (24953, TF-FIA), Icelandair (ICE) wet-leased. Is wet-leasing a 767-300ER from (LOT) Polish and an L-1011 Tristar from Euro Atlantic Airways (MAE) to cover charter commitments.
March 2004: Rome (FCO) - Lamezia Terme (5/week). In April 2004, Naple/Olbia - Zurich (weekly). Milan (BGY) - Tallinn (2/week). Venice - Athens (3/week). In May 2004, code share with Air Polonia (APL), Warsaw to Venice and Rome, with Milan - Warsaw and Krakow - Rome, at a later date. In June 2004, Milan (BGY) - Olbia (4/week). Calgiari - Paris (Orly) (2/week). Catania - Barcelona (5/week). Venice - Ibiza (3/week). Venice - Palma de Mallorca (3/week). In July 2004, Bolgna - Paris (Orly) (daily). Rome (FCO) - Ibiza (2/week). Bari - Barcelona (2/week). Venice - Valencia (2/week).
April 2004: 1,100 employees.
Parent organization/shareholders: Volare Group (100%).
Volare Airlines (VLR) operates charter flights from Bergamo, Milan Malpensa, and Verona, to destinations within Europe and the Mediterranean.
(IATA) Code: VE - 263. (ICAO) Code: VLE - VOLA.
Main Base: Verona (Villafranca International) airport (VRN).
SITA Code: VRNDT8D.
Hubs: Milan (Malpensa) airport (MXP); & Bergamo (Orio Al Serio) airport (BGY).
Domestic, Scheduled Destinations: Alghero; Bari; Cagliari; Catania; Milan; Naples; Palermo; Rome; & Venice.
International, Scheduled Destination: Brussels.
Code share with Air Polonia (APL), Warsaw - Paris (CDG).
May 2004: 1 737-400 Islandsflug (ISF). 757-256 (26243, TF-FIU), Icelandair (ICE) wet-leased. 757-256 (26241), Hola (HLB) wet-leased. 1 order (6/04) A320-212 (814), ex-Lotus Air (LOU), (ILF) 32 months leased. 1 F 100, EU Jet (EUJ) wet-leased for 2 months.
June 2004: In July 2004, 767-33AER (25535), Euro Atlantic (MAE) short-term wet-leased. In September 2004, Milan (MXP) - Venice - Shanghai (2/week).
July 2004: 2 747-236B's (21350, G-BFXE; 21351, G-BDXF) European AirCharter (EUL) wet-leased for 7-week contract for flights to Cuba and the Maldives.
A320-212 (814, I-PEKW) (ILF) leased & A320-232 (990, I-PEKU), SALE (SIL) leased.
August 2004: 737-300, Fischer (FIH) wet-leased and L-1011 Luzair wet-leased.
September 2004: Mauro Gambaro, Chairman, replaces Giorgio Fossa, who resigned after failing to raise EUR 90 million from shareholders.
October 2004: Volareweb.com, Bologna - Naples (2/day). Bari - Catania, Palermo (daily); Milan (BGY) - Lamezia; Milan (MXP) - Bucharest (Baneasa) (daily); Naples - Catania, Palermo (2/day).
November 2004: Current debt is EUR 250 million. Grounds entire fleet after the Italian civil aviation regulator (ENAC) suspended its air operating certificates (AOC) and its board declared insolvency, a decision that enables Volare (VLR) to be placed under extraordinary administration, a form of creditor protection. The licenses may be made valid again based on an examination of a possible new financial and operational situation, and after an analysis of the airline's safety standards.
Andrea Molinari, Group Managing Director and Giancarlo Tedeschi, Flight Operations Director resigned.
December 2004: Carlo Rinaldi, temporary CEO.
March 2005: Expects to resume operations next month with 4 A320's leased.
May 2005: 2 A320-212's (189, F-OHFR; 190, F-OHFU), leased (again) in revised colors.
June 2005: A320-232 (425, SX-BVA), Hellas Jet (HEJ) wet-leased.
November 2005: Alitalia (ALI) may buy smaller domestic carrier Volare (VLR) "if the price is fair," (ALI) Chairman & CEO, Giancarlo Cimoli told Corriere della Sera earlier this week. Volare (VLR) collapsed last year and is in administration.
Volare Airlines (VLR)'s proposed sale has attracted offers from about 10 groups, including Alitalia (ALI), AirOne (ADH), Meridiana (ALS), Eurofly (EUY), and easyJet (EZY), La Stampa reported. Deadline for submission of takeover bids for the Italian carrier was Sunday at noon. (ALI) Chairman & CEO, Giancarlo Cimoli said that his carrier might buy Volare (VLR) "if the price is fair." (VLR), which offers domestic and European low-fare flights under the volareweb.com brand, collapsed last year along with Air Europe (EIY), its carrier for intercontinental scheduled and charter flights. The companies were admitted to the so-called Extraordinary Management Procedure on November 30, 2004, and have been restructured by a government-appointed Extraordinary Commissioner.
January 2006: Alitalia (ALI) won the bidding for Volareweb.com (VLR), the Low-Cost Carrier (LCC) subsidiary of Volare Airlines (VLR). It reportedly offered 38 million/$46.2 million, some 10 million more than Air One (ADH), for the carrier, which has been in extraordinary administration since Nov 30, 2004, Il Sole 24 Ore reported. (ADH) is considering suing (ALI), questioning its right to participate in the auction, Corriere della Sera said. Official results of the sale are due to be announced January 15.
February 2006: Air One (ADH) won its appeal to block Alitalia (ALI)'s takeover of Volare Airlines (VLR), "La Stampa" reported. A Roman civil court argued it would be improper for (ALI) to spend part of a 400 million/$483.7 million state-guaranteed bridge loan to buy the bankrupt (VLR), rather than to address its own financial difficulties. (ALI) bid 38 million for (VLR). (ADH) said it was satisfied with the ruling, whereas (ALI) described the court's decision as "abnormal," claiming it did not respond directly to (ADH)'s appeal. Meantime, Meridiana (ALS) called for the sale process to be abandoned and restarted.
March 2006: The European Commission (EC) authorized a 25 million/$29.9 million, six-month guarantee from the Italian government to ailing Volare Airlines (VLR). "This short-term aid is intended to rescue the firm from bankruptcy and allow it to take steps to continue operating," the (EC) said, noting that (VLR) will be able to use the guarantee to obtain credit for that amount from banks. The airline, part of Volare Group, went into extraordinary administration on November 30, 2004, and recommenced flights June 2005 from Milan Linate to Naples, Brindisi, Bari, Catania and Palermo. Its extraordinary administrator launched a sale process that has become the subject of a series of legal cases. (VLR) initially was awarded to Alitalia (ALI) following a bidding process, but Air One (ADH) contested the legality of (ALI)'s participation, arguing it was using restructuring aid to finance the acquisition. An initial decision favored (ALI), and earlier this week, a court in Milan backed a decision made by a court in Busto Arsizio to reject (ADH)'s appeal, according to La Stampa. Another ruling is expected from Rome's main court in the coming days.
Later, the Italian government said that it conditionally approved a (ALI)'s 38 million/$45.9 million takeover of struggling (VLR), according to press reports. (ALI)'s bid had been challenged in court by domestic competitor (ADH), which will continue to press its claims. The acquisition depends on (ALI)'s keeping (VLR)'s operations going for at least two years while maintaining year-end 2005 employment levels. If it fails to abide by these conditions or if Italy's antitrust authority opposes the deal, then (ADH) will be adjudged the winner of the bid, the Industry Ministry said in a statement. A partnership between Italian Low-Cost Carrier (LCC) Meridiana (ALS) and former (ALI) subsidiary Eurofly (EUY) will take (VLR), if (ADH) is unable to proceed. The ministry is overseeing the so-called extraordinary administration of (VLR), which received permission earlier this month to take a 25 million, six-month loan from the government. (ALI) won its appeal in a Rome court against a previous ruling in favor of (ADH).
April 2006: Volare (VLR) is relaunched with 2 A320s from Milan Linate as well as a 767-300 of affiliate, Air Europe (EIY) from Milan Malpensa and Rome Fiumicino. (EIY) is Italy's leading charter airline operating to destinations such as the Maldives, Mauritius, Cuba, and Santo Domingo. A second 767-300ER is being sought to replace wet-leasing arrangements with other carriers.
May 2006: Sabena Technics (SAB) hangar at Brussels Airport was destroyed Friday by a heavy fire that damaged three A320s plus a C-130 belonging to the Belgian Air Force, that were in the shop for heavy maintenance. One A320 belonged to Armenian airline Armavia (ARZ), which lost another A320 two days earlier when it crashed into the Black Sea. Additional A320s reportedly were owned by an Armenian entrepreneur and Hellas Jet (HEJ), which was operating them with Volare (VLR) titles.
"All four airplanes, that were in hangar 40, which is used only for heavy maintenance, are very badly damaged," (SAB) spokesperson, Carla Daniels confirmed. The Maintenance Repair & Overhaul (MRO) provider's offices also were located in the hangar. Authorities launched an investigation into the cause. "We don't exclude anything, but we do not suspect at this moment any malicious intent," Daniels said.
Alitalia (ALI)'s acquisition of the assets of bankrupt (VLR) Group was suspended yesterday by Italy's top administrative court, AFX reported. The state council supported an appeal by Air One (ADH), which argued that the flag carrier should not have been allowed to bid for (VLR) because of its precarious financial position and for antitrust reasons. The Volare Group, which includes charter carrier Air Europe (EIY) and Low Cost Carrier (LCC) Volareweb, was put up for sale in November by a government-appointed administrator. The state council also noted there were "violations" in the way the auction for (VLR) was conducted.
(ALI) said its acquisition of (VLR) remains valid, despite the state council's ruling, and it "is confident that these irregularities can be resolved soon, as they do not challenge the validity of (ALI)'s offer or the administrator's decision that it was the highest." (ALI) bid 38 million/$48.8 million for the group, bettering (ADH)'s offer by 10 million. (ALI)'s acquisition of (VLR) is also subject to approval by Italy's antitrust authority, which has until May 28 to either clear the deal, or decide on a more detailed examination.
September 2006: Alitalia (ALI) initiated an appeal with a regional administrative court against the conditions imposed by the Italian competition regulator on its acquisition of Volare (VLR), La Stampa reported. In July, (ALI) received conditional approval for its 38 million/$48.1 million bid to acquire (VLR). The conditions included the surrender of four slots at Milan Linate - - two of (VLR)'s domestic slots to Bari and Lamezia Terme and two pairs of slots for flights to Paris Orly.
May 2007: A320-214 (3138, I-WEBA), CIT Group (TCI) leased.
June 2007: A320-214 (3161, I-WEBB), delivery.
September 2007: Volareweb (VLR) will start four weekly Milan Malpensa - Maastricht flights aboard A320s from October 28.
October 2007: 10 new routes added from Milan Malpensa.
March 2008: The Alitalia (ALI) board unanimously agreed to accept an offer by Air France (AFA)/(KLM) to acquire control of the ailing Italian carrier - - subject, however, to a number of what the parties call "effectiveness conditions" that must be fulfilled by March 31. "The board has carried out its evaluation of the binding offer also in light of the worsened airline sector and macro-economic scenario, as well as considering the critical situation of the company and available alternatives," (ALI) said in a statement, noting that the proposal offers "the appropriate solution" to preserve its assets and to promote both rapid and stable restructuring and long-term development. (AFA)/(KLM) is proposing to acquire 100% of (ALI)'s capital via an exchange offer with a parity of one (AFA)/(KLM) share for 160 (ALI) shares, valuing the latter's equity at 139 million, or 0.10 per share. (AFA)/(KLM) also will acquire all convertible bonds issued by (ALI) at 0.3145 per bond, which was the recent market price, or a total of 608 million. In addition, (AFA)/(KLM) will underwrite a 1 billion capital increase following the closing of the offer. "Its membership of the (AFA)/(KLM) Group together with the implementation of the [new three-year industrial] plan, should enable (ALI) to return to operating profit as early as 2009," (AFA)/(KLM) said. But plenty of conditions will have to be fulfilled first, including agreements with unions at both (ALI) Fly and (ALI) Servizi. The Industrial Plan 2008 to 2010, which was approved by the board, foresees a reduction of (ALI) Fly's workforce by -1,600 employees by 2010. Reportedly, (AFA)/(KLM) Chairman, Jean-Cyril Spinetta and (ALI) Chairman, Maurizio Prato are scheduled to meet with (ALI)'s nine trade unions.
(AFA)/(KLM) also wants a "formal written" undertaking from the appropriate Italian governmental authority to maintain (ALI)'s current portfolio of air traffic rights and to address future traffic requests in a transparent and nondiscriminatory manner. Further, it wants a signed agreement between (ALI) and Aeroporti di Roma, operator of both Roman airports, firming service standards, as well as a similar accord among (ALI), Fintecna, and (ALI) Servizi. Lastly, (AFA)/(KLM) wants an "applicable solution to definitely remove the risk connected to the Milan airports operator (SEA) claim." (SEA) is seeking 1.25 billion in damages from (ALI) for cutting flights at Milan Malpensa (MXP).
(AFA)/(KLM)'s industrial plan for the restructuring and relaunch of (ALI) calls for a single hub at Rome Fiumicino and a drastic cutback of medium- and long-haul flights from (MXP). It also plans to develop (ALI) low-cost subsidiary, (VLR) similarly to Transavia (TAV). Both (AFA)/(KLM) and (ALI) said they expect the European Union (EU) clearance by July.
(VLR) is overhauling its network and all services will now operate from Milan Malpensa. SEE ATTACHED - "VLR-MAR08-A/B."
May 2008: An Italian administrative court ordered that a new tender be organized for Volare (VLR) within 15 days, confirming that Alitalia (ALI)'s 2006 acquisition of (VLR) violated procedure, "Reuters" reported. (ALI) rival, Air One (ADH) also wanted (VLR) and brought the case to court.
November 2008: Compagnia Aerea Italia (CAI)'s binding offer for Alitalia (ALI) is worth 1 billion/$1.29 billion, the airline said in a statement to the country's stock market regulator, and comprises 900 million for (ALI)'s flight operation, assets and contracts, 57 million for Alitalia (ALI) Servizi, 7 million for Alitalia (ALI) Airport, 19 million for Alitalia (ALI) Express and 17 million for low-cost subsidiary Volare (VLR). The 900 million for (ALI) comprises 275 million cash and 625 million to assume the carrier's debts. The first cash payment of 100 million will be made at closing of the acquisition November 30. For (ALI), Express and (VLR), the balance will be paid in two equal parts within 180 days and 24 months after closing. For Servizi and Airport, the balance will be paid within 180 days of closing. (CAI)'s offer still lacks support from unions representing (ALI) pilots (FC) and cabin staff (CA).
July 2010: Alitalia (ALI) said it will cancel 74 flights (48 international, 26 domestic) due to a one-day cabin staff (CA) strike, "Reuters" reported. The dispute reportedly centers on (ALI)'s plans to acquire Volare (VLR).
August 2010: Volare Airlines (VLR) has taken delivery of a third ex-Alitalia (ALI) A320-200 that it operates on behalf of its parent carrier. The main reason for keeping Volare (VLR) in existence is that it still holds several slots at Milan Linate airport.
September 2013: Italys air navigation services provider (ENAV) has reduced its terminal air navigation charges -25% for the last four months of this year, saving airlines an estimated -20 million/-$26.4 million.
Click below for photos:
0 737-33 (FIH) WET-LSD 2004-08. RTND.
0 737-400 (ISF) WET-LSD. RTND.
0 747-236B (21350, G-BDXE; 21351, G-BDXF), (EUL) WET-LSD 2004-07. RTND.
0 757-256 (RB211-535E4) (572-26241), EX-(IBE), (HLB) WET-LST 2004-05. RTND. 150 PAX.
0 757-256 (RB211-535E4) (603-26243, TF-FIU), (ICE) WET-LST 2004-05. RTND. 16C, 173Y.
0 767-3YOER (405-24953, TF-FIA), (ICE) WET-LSD 2004-02. RTND 2004-02.
0 767-300ER (381-25208), EX-(EIY) 2001-10, RTT (HEF) 2002-12, 25208 LST (SBL).
0 767-300ER (LOT) WET-LSD 2004-02. RTND.
0 767-33AER (PW4060) (491-25535), EX-(AVI). (MAE) SHORT-TERM WET-LST (VLR) 2004-07. (MAE) WET-LST (AGAIN) 2004-11. RTND.
0 767-352ER (PW4060) (619-27993, /96 I-VIMQ), (PSS) LSD 2002-02, WET-LST (EIY). RTND. 26C, 238Y.
0 767-383ER (257-24318, CS-TLO), (MAE) WET-LST 2004-11. RTND.
0 A320-211 (CFM56-5A1) (085, /89 EI-CTD), EX-(AFA)/(EIY), (GEF) LSD 2001-03. RTND, LST (UDC) 2005-02. 180Y.
0 A320-211 (CFM56-5A1) (235), EX-(TAP), (GAX) LSD. RTND. 174Y.
0 A320-212 (CFM56-5A1) (131, F-CLCM; 132, F-CLCN), EX-(GUN)/(EIY), (GAX) LSD. 132 RTND 2001-07, LST (ATW). 131 RTND. 174Y.
2 A320-212 (CFM56-5A3) (420, /93 F-GJVX, EX-(BCM), 436, /93 F-GJVU, EX-(FLN), (NGK) 5 YR LSD, MAINT BY (SWS), (189, /91 F-OHFR; 343, /92, F-OHFT, EX-(AFA) & (UKL) (190, /91 F-OHFU, EX-(UKL). 446, I-PEKR; (ILF) LSD 2003-05. (814, /98 I-PEKW, 2004-07), EX-(LOU), (ILF) 32 MTH LSD 2004-06. 814 RTND 2004-10. ALL RTND 2004-11. 814 LST (MYR). 189; 190; (ILF) LSD (AGAIN) 2005-05. 180Y.
0 A320-212 (CFM56-5A3) (446, /93 I-PEKR), (AWW) LSD 2003-06. RTND 2004-12. LST (MON). 180Y.
0 A320-214 (CFM56-5B4/2F) (1132, /99 I-PEKG; 1162, /00 I-PEKH; 1179, /00 I-PEKI; 1244, /00 I-PEKL; 1308, /00 I-PEKE, 1322, /00 I-PEKF; 1757, /02 I-PEKQ), EX-(EIY), (FLL) LSD. 1757 RTND 2004-10. ALL RTND 11/04. 1757 LST (MYR). 1132; 1162; 1179; 1244; 1308; 1322; (GAX) LST (AAE). 150Y.
0 A320-214 (CFM56-5B4/2) (1125, /99 I-VLEA), (GEH) LSD 10 YRS. RTND, LST (EUY). 180Y.
0 A320-214 (CFM56-5B4/P) (1152, /00 I-PEKO; 1198, /00 I-PEKP), (GEH) 84 MTH LSD 2000-02, 2 RTND 2003-09. 174Y.
0 A320-214 (CFM56-5B4/2) (1259, /00 EI-CUQ), (FLL) LSD 2000-07, RTND 2004-11. (GAX) LST (AAE). 156Y.
2 A320-214 (CFM56-5B4/2) (3138, I-WEBA, 2007-05; 3161, I-WEBB, 2007-07), (TCI) LSD. 180Y.
0 A320-232 (V2527-A5) (425, /93 SX-BVA "PEGASUS"), (HEJ) WET-LSD 2005-06. RTND. 16C, 132Y.
0 A320-232 (V2527-A5) (542, EI-CUM), (ILF) LSD 2000-03, EX-(COH), 2000-08, RTND 2001-11. 174Y.
0 A320-232 (V2527-A5) (990, I-PEKU), (SIL) LSD 2004-07. RTND 2004-12. LST (NKI) 2005-01. 174Y.
0 A320-232 (V2527-A5) (1856, I-PEKS; 1909, I-PEKT; 1935), (SIL) LSD 2003-06, VolareWeb OPS. ALL RTND 2004-12. 1856; & 1909; LST (THY) 2005-03.
0 A320-232 (V2527-A5) (1996, I-PEKV, 2004-06), (SIL) LSD. RTND 2004-12. LST (THY) 2005-03.
0 A321-211 (CFM56-5B3/P) (1451, /01 I-PEKM; 1607, /01 I-PEKN), (SIL) 10 YR LSD, 2001-12. 1233 NTU. 1451 RTND 2003-10, LST (LTU). RTND. 220Y.
0 A330-202 (CF6-80E1A4) (205, /98 I-VLEC, 2002-05; 211, /98 I-VLED; 272, /99 I-VLEE; 339, /00 I-VLEF 2002-06), (ILF) 10 YR LSD. 272; 339 RTND 2004-10, LST (EHD). LAST 2 RTND 2004-11. 31C, 266Y.
0 A330-203 (CF6-80E1A4) (463, /02 I-VLEG; 504, /02 I-VLEH), (GEF) LSD 2002-11. 504 RTND 2004-01. RTND. 31C, 266Y.
0 L-1011 (MAE) WET-LSD 2004-02. RTND.
0 L-1011, (LUZ) WET-LSD 2004-08. RTND.
0 F 100 (11296, EI-DFC), EU JET WET-LSD TIL 2004-08.
LORENZO CAPORALETTI, CHIEF EXECUTIVE OFFICER (CEO).
ENZO TRAINI, VP MAINTENANCE & ENGINEERING.
CAPTAIN ANGELO BOSCOLO, FLIGHT OPERATIONS DIRECTOR
FEDERICO LA STELLA, FLIGHT SAFETY DIRECTOR
DANILO ZENARI, TECHNICAL DIRECTOR (VRNDT8D)
GIULIANO MARTINELLI, COMMERCIAL DIRECTOR CHARTER FLIGHTS.
EDGARDO BADIALLI, COMMERCIAL DIRECTOR SCHEDULED FLIGHTS.
LUIGI PANDOLFI, ENGINEERING MANAGER.
MAURICIO BRUNELLI, MAINTENANCE & MATERIALS MANAGER.
FRANCESCO BANAL, QUALITY ASSURANCE (QA) MANAGER.