--=======479D69F1======= Content-Type: text/plain; x-avg-checked=avg-ok-438857E8; charset=us-ascii; format=flowed Content-Transfer-Encoding: quoted-printable Hi to all, further news in this issue regarding the Italian civil aviation scene; AIR ALPS will receive three Do328/100 in the past in service with Minerva= =20 Airlines and now reporssed to the lessor after the suspendion of the=20 operations of the italian third level carrier. Air Alps will increase the= =20 fleet from seven to ten Dornier's prop. ALISEA AIRLINES, B737/300's TF-SUN is reported returned to lessor,=20 Islandsflug of Iceland a couple of weeks ago. AZZURRA AIR Milan Mxp-Rotterdam is currently dropped and Bergamo-Rome FCO= =20 is daily operated now with B737/700's. Charter flights expeially to Red S= ea=20 in Egypt are currently in operations. JETX, is reported an arm of Islandsflug that will position a B737/300 wit= h=20 effect March '04 at Forli' for charter or regular operations. NORWEGIAN, will serve Olbia from Oslo during summer season 2004. RYANAIR, will serve Parma from London Stansted with effect second half 20= 04=20 after the extension of the runway to 2150 meters. Chamber of Commerce of=20 Parma, Region Emilia Romagna Tourism Agency and municipality of Parma has= =20 signed a 9 years agreement to allow Ryanair to operate a direct flight=20 daily with B737/300-800. VOLAREWEB is reported interested to add in summer the routes=20 Venice-Stockhoolm, Rome to Warsaw (pending government approval),=20 Milan-Warsaw (pending government approval), Rome-Krakow, Milan-Timisoara,= =20 Bucarest-Mialn/Rome. VOLAREGROUP S.p.A., the new company asset reports an investment of 40=20 million of Euro from various entrapreneurs, italian and foreigners. The new investors headed from Eduardo Eurnekian have founded Stichting=20 Administratiekantoor Volare (S.A.V.), a new foundation of Dutch right wit= h=20 a board composed in majority from italian and with the participation of t= he=20 Argentine's investor. Headed from an important italian person. This new participation is in minority value but qualified then=20 the majority in the hands of Gruppo Zoccai that heads Volare Group to th= e=20 relaunch. Eduardo Eurnekian is shareholder in Aeropuertos Argentina 2000, that has=20 the concession to operate on 32 Argentina's Airports and interests in=20 American International Airports, with interests in the airports industry. Volare Group has purchased a 30% presence in Southern Winds, ana airline=20 with operations in Central and South America, With this new goals the=20 synergy between the two carrier will allow to establish new links from th= e=20 major airports of the Cental and South America with Europe and Latin Amer= ica. The newest three year business plan provide to improve and double the=20 regular flights today operated on low cost basis between the italian majo= r=20 airports. Target of Volareweb.com is to become the thrid low cost carrier in Europe= =20 and this target will be reached with the doubling of the fleet in the nex= t=20 four years. The business plan reports as targets to increase from 550 million Euro to= =20 900, to continue the reduction of the operative costs and to maintain the= =20 EBITDAR in the value of 25%. Interbanca S.p.A - advisor for this financial operation is still active=20 before the Feb. 28th. 2004 to contact and to recruit new investor for a n= ew=20 equity financial increase event to 50 million of Euro, with this new=20 financial asset it will negotiate the expirations of the debtsand is stil= l=20 busy to re-plans the debts with the suppliers. In the managerial assets of the group, Cpt. Vincenzo SODDU' will maintain= =20 the position as CEO. That's all for today, Best Regards, Marco --=======479D69F1======= Content-Type: text/plain; charset=us-ascii; x-avg=cert; x-avg-checked=avg-ok-438857E8 Content-Disposition: inline --- Outgoing mail is certified Virus Free. Checked by AVG anti-virus system (http://www.grisoft.com). Version: 6.0.553 / Virus Database: 345 - Release Date: 18/12/2003 --=======479D69F1=======--