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Italy court says Government must start new Volare auction process within 60 days

2 October 2006

The state council, Italy’s top administrative court, said the government must start organising another auction of the Italian low-cost airline Volare within 60 days, according to the documents of a court ruling made on September 29.

In March, the troubled state-controlled airline Alitalia SpA had won the first auction for Volare by offering 38M euros. But the acquisition was suspended by the state council after the Italian airline Air One appealed against a lower court clearing the operation.

source: Forbes

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