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Italy puts low-cost airline Volare up for sale

17 June 2008

Italy’s economic development ministry has put low cost airline Volare up for sale again, meeting a recent state council court demand, said Alitalia SpA, which bought Volare in a previous auction.

The ministry-appointed extraordinary commissioner for Volare previously put the carrier up for auction. However, Italy’s Air One airline challenged the way the auction was conducted and Alitalia’s win.

source: Forbes