INFO: ITALYNEWS

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Hi to all,
this is another updating regarding the italian civil scene:

AIR BLU' , terminated the new increase stake capital with 502.thousand=20
euro, CAN Srl 44,45% (223.113 euro), Fogolar Viaggi Srl  38,18% (191.667=20
euro), IMS Sas  16,35% (82.100 euro) and Patrizia Bortolotti  1,02% (5.10=
0=20
euro). Soon  Friulia SpA the regional government fiancial holding will jo=
in=20
the airline with a  18% of the airline capital step by step in various=20
phases. The Friulia entrance in the stake capital will be after a new=20
increrase stake capital allowing the joining of the new financial partner=
.=20
Between September and October the airline will prepare the start-up plann=
ed=20
in November. A promotional flight will be organised from Ronchi dei=20
Legionari  to Paris "Charles de Gaulle", this flight is operated in=20
cooperation with the France Consulate and  "Maison de France" the tourist=
=20
promotional board of France, where operators in the economical andd touri=
st=20
side plus public administrators of Friuli-Venezia Giulia . In the same da=
ys=20
a group of French operators will be in Friuli to establish the=20
opportunities to allow the success of the route.

BLUE PANORAMA AIRLINES has wet-leased a B737/300 from Ukraine Internation=
al=20
to cover the peak season from July to September, the airliner is based in=
=20
Milan Malpensa and time to time is in operations from Rome FCO.

CHINA AIRLINES with effect Aug. 18th. 2003 will serve on three times a we=
ek=20
the destination Bangkok from Rome FCO with A340/300 with First, Business=20
Class and Economy lay-out Operations are on Mo-We-Fr.

ROME-BANGKOK  Dep h. 22.20 =13Arr. h. 14.10
BANGKOK-ROME Dep. h. 12.55    Arr.  h. 19.30


FLYDBA has reduced from seven to five weekly the operations scheduled fro=
m=20
Venice to Hamburg and Berlin commenced on July 1st.

GANDALF AIRLINES have refused the offer presented from the Societe=20
Financiere de Luxembourg to subscribe part of the stake of the airline. T=
he=20
board have justified this fact with the impossibility to know the exact=20
composition of the persons interested to join the airline. The situation=20
reports an operating losses in the first seven months of this year with=20
more than 10 million of Euro. Recently also a new proposal was received=20
from an american financial company that is ready to inject 10 million of=20
USD. This offer will be valued in the short future with a board meeting=20
planned at the end of this month and at end of September where if in this=
=20
date the airline did'nt receive or is able to collect new interests the=20
airline will be put in liquidation.

GERMANWINGS with effect Sept. 15th. 2003 will launch a new four weekly=20
rotation from Stuttgart to Rome FCO with A319 on Mo-We-Fr-Su.
Venice airport handling agent have also published an operations scheduled=
=20
starting Sept. 15th. 2003 from Venice to Berlin Tegel.

LIVINGSTON is reported to be returned to lessor at end of September the=20
third recently delivered aircraft now in service only fro Air One.

MERIDIANA have active a new help phone number 0789-52899 ready on from 6a=
m=20
to 12pm every day.

That's all for today,
Marco

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