Hi to all, further news from Italy, AIR VALLEE' will operate an extra weekly flight on sundays from Aosta to=20 Rome in order to grant the maximum flexibility for skiers thta comes from=20 the Central Italy area. The flights are supported with the commercial=20 promotion made from tour operator while Pierre & Vacances, Eurotravel and=20 ClubMed. LOT is reported to start a five times a week flights (Monday to=20 Friday) Milan Mxp-Krakow starting Jan. 31st. 2005 with B737/300. Could be that operations are granted from the mew low fare arm of the= airline. VOLARE GROUP, Andrea Molinari chairman of the holding and the airlines=20 Volare and Air Europe have resigned today. Today from trade unions sources also is reported that a share holder of=20 Volare Group has formally payed at the last minute 5 million =80 to a= lessor=20 to grant the continuity and to avoid the impounding of 2 A330's (ILFC is=20 the reported lessor company) and further two ships (A320's??). The pair of= =20 A330's are the core business in the long haul together with the single=20 B767/300ER I-VIMQ. This evening an Ansa release has reported that at the end of the board the= =20 shareholders has decide to go ahead with the reinforcing of the financial=20 situation of the group with in a short time a plan to inject further 90-100= =20 million =80 to solve the situation in various sides from the suppliers to= the=20 amount of debts still present. At the same time is confirmed that Anrea=20 Molinari, CEO in Volare Groups resigns with effect today. On next Nov. 3r.= =20 2004 the board shall confirms the intention to newly capitalize the group.= =20 Two day later in a critical situation, source from the company confirms the= =20 injection of 80-100 million =80. The new solution will provide a various=20 steps relaunch due to the today situation. Losses that comes from the past managements are reported at the end of=20 March 2004 in 314 million =80, of that 120 were re scheduled with the=20 supplier and in the major part honored. In September the debts amounts to= =20 86 million =80 and at the end of the year are scheduled to go down in total= =20 for 140 million =80. The shareholder appears that they has found a new way= to=20 solve the troubles, despites the resigns of Andrea Molinari. The new=20 management has totally changed the policy of the carrier, rationalizing the= =20 network, with various routes dropped especially from the winter. In eight=20 months Volare Group has carried 3,6 million pax, 30% more then the past=20 year. The load factor increased of 10% p.p. reaching the 76%. That's all for today, Best Regards, Marco This is an aviation bulletin with the intention only to well known the=20 Italian aviation scene