INFO: ITALYNEWS

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Hi to all,

further news in this issue regarding the Italian civil aviation scene;

AIR ONE will add regular flights from Cagliari to Rome FCO. The airline h=
as=20
signed the agreement with ENAC - Italian Civil Aviation Authority.

ALITALIA has bought the 20% in Alha, a cargo logistic handling company wi=
th=20
operations in Milan Malpensa and in other parts of Italy.
Continue to be interested to operate in future the Cagliari-Rome FCO leg.

AZZURRA AIR informs that Seven Group will not save Air Littoral because=20
wasn't found the funds necessaries to allow the purchase of the french ca=
rrier.

BLUE PANORAMA expects a 2003 turn around estimated in 120 million of Euro=
.=20
Close to 700000 are the passenger forecasted.
In 2002 results has reported 85 million of Euro as year turn around and=20
550000 passengers carried.
In 2004 are estimated around 100-120000 passenger more and 140 million Eu=
ro.
Ten planes, 3 767's, 5 737/400's and a pair of Piaggio 180 Avanti is the=20
fleet of the charter airline under the control of Distal & ITR and Pecci=20
family.

HELVETIC adds new stops in Italy:
With effect Feb. 27th. 2004 Venice, four times a week;
With effect March 28th. 2004, Rome (two flight a day, 1 on Sa & Su) and=20
Naples (Tu-Th-Sa).

VARIG with effect Jan.- 6th. 20034 will replace the 767's with MD11's on=20
both flights to Italy.

VOLARE GROUP, the argentine's investor Eduardo Eurnekian, with interests =
in=20
Southern Winds is the new shareholder of this italian private airline. 40=
=20
million of Euro is the amount of the injection in the italian airline=20
capital. Volare will join Southern Winds with a 30% of the stake.

That's all for today,
Best Regards,
Marco

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