INFO: ITALYNEWS

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Hi to all,
further news from Italy,

AIR DOLOMITI will receive 5 BAe146/300 with effect April/May 2005and a=20
sixth is planned on late 2005.

ALITALIA/AIR ONE/MERIDIANA yesterday hasn't found an agreement for the=20
public service obligation affaire from Sardinia. In gfact the government=20
degree was blocked from a decision of the administrative court of Lazio=20
with an opposition made from Alitalia.

ALITALIA will increase from Feb. 1st. 2005 the route Shanghai Pu Dong-Milan=
=20
from 3 to 5 flight a week.
After the opening of the Eu of the suspicious regarding the formula used to=
=20
have the saving to continue to go is at risck the increase of the capital=20
to place in the market from 1,2 billion =80. The banks are critic to conduct=
=20
an operation where the commission is on the way to inspect about the=20
operation conducted from the government some months ago to save the=20
airline. The increase will risk to be delayed until the autumn.

ALPI EAGLES will operate these seasonl flights from Vneice on the summer=20
season 2005:

VCE-Alghero, five times a week
VCE-Lamezia Terme, five times a week
VCE-Brindisi, twice a week

Both from May 30th. to Sept. 18th. 2005.

The route Bari-Venice from the late evening is moved on the afternoon.

BLUE PANORAMA AIRLINES has start on Jan. 13th. 2005 the first flight from=20
Italy to Vietnam. The route is Milan Mxp-Bologna-Ho Chi Minh=20
City-Bangkok-Milan Mxp-Bologna, weekly , with B767/300ER. The flights are=20
operated until April 28th. 2005.
It has start the weekly Milan Mxp-Venice-Shanghai Pu Dong from Jan. 11th.=
 2005.
Looking the summer the airline is looking to have leisure direct flights to=
=20
the Noroeste of Brasil from May 2005 The new routes it cover the lowered=20
demand for example to Cuba and generally in the Caribbean. This winter=20
season Blue Panorama flies 10 times a week to Cuba.
The new flight Rome-Mexico City-Cancun will commence in May 2005 due to=20
they are for example 300 pilgrims that every week comes in Italy to go to=20
the meeting of the Pope John Paul II. From the words of Franco Pecci,=20
chairman of the airline it has confirmed to go ahead with caution oj the=20
way to purchase or lease new B767s. At the time being the advisor BNL=20
affirms that there are interests from private equity funds
with interests to purchase part of the stake in Blue Panorama, the property=
=20
could considerate to sell a part of the airline in the quantity of the 20%.

CIMBER AIR will give up the the route Milan Mxp-Billund on Jan. 30th. 2005.=
=20
This is the third negative experience on that leg in three years.

CLUB AIR is interested to resume from May 2005 the route Sofia-Verona and=20
in summer the route Verona-Athens. Both with BAe146.

ESTONIAN AIR will operate from Bergamo Milan Orio the flights to Tallin,=20
two times a week from March 30th. 2005.

EUROFLY has leased an ex Volare Airlines jet A320/200s I-EEZK, in the past=
=20
I-VLEA.

FINNAIR in next summer season operates:

annuals

Helsinki-MXP :
AY 793/794 (mo, th, fr, sa, su with A319)
AY 795/796 (daily except sa with 319)

Helsinki-FCO :
AY 781/782 (daily ex mo with 321)
AY 783/784 (mo with 321)
AY 785/786 (su from 03APR05 TO 29MAY05 and from 03SEP05 with 320)

Helsinki - VCE :
AY 771/772 (fr with MD80)
AY 773/774 (mo with MD80)

seasonals

Helsinki-VRN :
AY 2269/2270 (su from 21MAY05 to 17SEP05 with B757/200)

Helsinki-NAP :
AY 2273/2274 (su from 15 MAY05 to 24JUL05 with MD83)

Helsinki- RMI :
AY 2235/2236 (fr from 15 MAY 05 to 31JUL 05 with MD80)
AY 2237/2238 (su from  20 MAY 05 to 02 SEP 05 with B757/200)

INTERSKY will move the Friedrichshafen-Treviso three times a week budget=20
flight to Venice. Will launch a Zurich Elba seasonal fweekly flight every=20
saturday from April 2md. 2005.

MERIDIANA with effect Feb. 1st. 2005 will open three flight a day from=20
Cagliari to Rome Fimicino/Milan Linate with launch fares starting from 37=20
and 47=80 respectively one way These fares are one way, without taxes and=20
further charges and are benefits for residents, originals and students of=20
Sardinia. The same fares are applied also on the routes from Olbia to=20
Milan/Rome. For the routes from  Cagliari to Bologna, Florence, Turin,=20
Naples and Verona. From Olbia and Bologna, Turin (via Cagliari) and Verona=
=20
(via Rome), are available best fares for residents and birth in Sardinia=20
from 57 euro one way and excluded taxes and additional charges.

NORWEGIAN will resume from the summer season the three times a week flight=
=20
from Oslo to Pisa. To Venice with two weekly flights.

RYANAIR, from a declaration of the head of the handling company of Trapani=
=20
is ready to sign the contract to serve London and Trapani in Sicily. The=20
head of the airport has also declared to interests  Ryanair in order to=20
have direct flights in the domestic market to Pisa, Forl=EC, Genoa, Naples,=
=20
London and Frankfurt.

VOLARE, the trade union has requested a meeting with the commissar Carlo=20
Rinaldini in order to have update about the situation. Two months was past=
=20
from the suspension of the flight operations and also there are no replies=
=20
from the management in order of the business proposals presented from=20
various investors such as Meridiana, Air One and Camuzzi Holding.

That's all for today,
Best Regards,
Marco

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