AIR COLUMBIA soon will change the identity in T.A.I. - Trasporti Aerei Italiani. The ownership will remain in the hands of SOREM, an italian company expertized in fire bombing air activity.

AIR EUROPE ITALY will start these regular charter flights:
Milan Mxp-Bologna to Santo Domingo every saturdays until May 4th. 2003 with Volare Group A330/200 CY298.
Verona to Varadero-Cancun every fridays until end of April '03 ops with A330/200;
Verona to Rome FCO-Pointe a Pietre every saturdays until end of April '03 ops with A330/200;
Verona to Rome FCO-Punta Cana every sundays until end of April '03 ops with A330/200;
Verona to Rome FCO-Mombasa every mondays until end of April '03 with A330/200;
Verona to Rome FCO-Zanzibar every tuesdays until end of April '03 with A330/200.

AIR ONE with effect Dec. 16th. 2002 has reseumed the route Crotone-Rome FCO on daily basis with B737. With effect June 1st. 2003 until Sept.30th. 2003 will start the new route Verona -Lampedusa on twice weekly basis with B737.
Starting June 1s. 2003 until Sept. 30th. 2003 will resume the route Bologna-Lampedusa on twice weekly basis with B737.

ALITALIA, the board has decided to increase the stake capital of 66,6mln of euro. This imcrease will be through the issuing of 180 million of ordinary shares, each value is 0,37 euro.
Has sold to CIT tour operator the company specialist Italiatour for 9,2 million of Euro.
Has in fleet now four B777's:
I-DISA "Taormina"
I-DISE "Portofino"
I-DISI "Positano"
I-DISO "Madonna di Campiglio"

ALISEA AIRLINES being not received the second B737's, for some charter flights previously contracted it subcharter to MD AIRLINES with MD80.

ALPI EAGLES with effect Dec. 21st. 2002 start a new daily flight from Bergamo to Catania with F100.

AMERICAN AIRLINES with effect May 2nd. 2003 will start a new daily rotation from Rome FCO to New York JFK with B767/300ER.

BERLIN JET hopes to restart on Feb. 10th. 2003 regular services from Berlin Schoenfeld to Milan operated with MD Airlines MD83.

BRITISH AIRWAYS will double the regular flights from Genoa to London with effect June '03.

EASY ISLANDS currently in operations only from Sicily to the islands placed in the middle of The Mediterrean, it continue to fly with 2 J32 wetleased from Coast Air , regs LN-FAM, FAV. Nothing was reported concerning the intention to start up the route Cagliari-Palermo with SF340.

EUROFLY at Oct. 31st. 2002 has declared a finacial situation composed from a status of net losses of 3.806.339 euro. These level of losses was determined from the long unavailability of long range aircraft between the transfer of the 767's to Alitalia and the late delivery of the Airbus A330's. This fact has reported an expense of 2.438.000 euro. The long out of service status of an A320 has created an extraordinary exopense of 2.100.000 euro. Plus the changement concerning the code sharing agreement signed with Alitalia has performed a non incoming of 2.800.000 euro.

FLYBE will operate two daily flights in the next spring from Bergamo to the UK. Once daily from Bergamo to Birmingham and Bergamo to Southampton.

KLM will drop one of the three daily flights on Turin-Amsterdam from Jan. 7th. 2003 to March 2md. 2003.
With effect March 30th. 2003 will ops 23 weekly frequencies on
Venice-Amsterdam (15xB737, 8xF70).
With effect March 30th. 2003 will increase from 20 to 21 weekly frequency from Bologna to Amsterdam with F70.

HAPAG LLOYD EXPREES will establish in January a second new operational base in Hannover. First destinations served are Rome, Venice and Nice.

IBERIA with effect March 30th. 2003 will triple the daily flights from Barcelona to Turin with DHC8/300.

ICELANDAIR will start a new weekly ski charter flight from Keflavik to Verona with B757/200's until March 1st. 2003.

LAUDA AIR ITALIA has reported an annual invoice of 120 million of Euro and a net profit of 2,97 million. The new fleet composed by 5 Airbuses will start to replace the Boeing B767's from 2003. A321's are powered with IAE V2500 engines and to be in service from April/May 2003. These aircrafts are leased
from SALE for 10 years. These aircrafts are the firsts to shows the new totally changed new brand livery. Three A330/200 will replace 767's, these new jetliners will be powered by RR Trent 700's and leased from ILFC.

ROSSYA AIRLINES ops from Dec. 21st. 2002 a regular new charter flight from Bergamo to Moscow Vnukovo with Tupolev 154 every saturdays.

SCANDINAVIAN LIGHT is the new low cost airline sister of Scandinavian Airline System. The new airline will start up operation from March 30th.
2003 on these routes:
Copenaghen to:Alicante, Athens, Bologna, Lisboa, Malaga, Palma de Mallorca, Pristina,Sarajevo.
Stockholm to:Alicante, Athens, Barcellona, Bologna, Budapest, Dublino, Istanbul, Malaga,Nice, Prague, Rome.

Bologna-Copenaghen
BLQ CPH SK826 737 10:05 12:10 1------
BLQ CPH SK826 737 19:25 21:30 ---4--7
CPH BLQ SK825 737 07:00 09:05 1------
CPH BLQ SK825 737 16:20 18:25 ---4--7

Bologna-Stockholm
BLQ ARN SK820 737 19:05 21:45 ------7
BLQ ARN SK820 737 19:50 22:30 ---4---
ARN BLQ SK819 737 15:25 18:05 ------7
ARN BLQ SK819 737 16:10 18:50 ---4---

Rome FCO-Stockholm from April 11th. 2003
FCO ARN SK824 737 11:10 14:20 ----5--
FCO ARN SK824 737 19:10 22:20 1------
ARN FCO SK823 737 07:00 10:10 ----5--
ARN FCO SK823 737 15:00 18:10 1------

This new no frills company where the lowest fare starts from 30 Euro one way plus airport taxes will use a fleet of four B737/800.

VOLARE GROUP has take in delivery 2 new A330/200's regs I-VLEG and I-VLEH.

AIR ALPS has reported an extraordinary year in 2002 with about 180000 passengers carried on 10400 flights. The financial year invoice is +27% and has joined the value of 28,5 milion of euro. With effect March from Bolzano until the endo fo november have carried 24000 passengers on 1.400 flights.
22000 has flown on Bolzano-Rome. About 5% of the customers has continued to further destinations via Rome Fiumicino with its partner Alitalia.
Destinations preferred was Lamezia Terme, Napoli, Reggio Calabria, Palermo,Bari e Catania. Air Alps have consolidated in this past summer season the ad hoc flight operations. In cooperation with Alpina Tourdolomit, Christophorus and
Neckermann this airline has operated regular charter flights from Bolzano to Naples/Lamezia Terme. Next summer season Air Alps looks to new charter destionations like Sardinia and Croatia. The austrian carrier have chartered a lot of flights to sports team like soccer Lazio, Perugia, Chievo, Bari, Udinese, Lecce, Siena, Reggina and Naples, and basket teams like Siena, Roseto and Benetton. Moreover, Air Alps have registered a high level of on time factor with 89% of the flights departed in 2002. After all there are highlights concerning the fleet, in November 2002 the sixth Do328/100 has joined the airline and in 2003 further two will be added.

ALBANIAN AIRLINES with effect Dec. 18th. 2002 until Jan. 12th. 2003 will operate an extra daily flight from Bologna to Tirana with Tu154M LZ-HMS.
With effect Dec. 22nd. 2002 to Jan. 5th. 2003 will add a weekly flight on sunday. Totally are 15 weekly flights in the period Dec. 18th. 2002 to Jan.12th. 2003.

BLQ TIA

LZ821 1130-1300 1234567 18DEC-12JAN
LZ227 1630-1800 12-4567 Regular flight
LZ823 1700-1830 ------7 22DEC-05JAN
LZ227 1730-1900 --3---- Regular flight

TIA-BLQ

LZ820 0900-1030 1234567 18DEC-12JAN
LZ226 1400-1530 12-4567 Regular flight
LZ822 1430-1600 ------7 22DEC-05JAN
LZ226 1500-1630 --3---- Regular flight

ALITALIA has announced by the first months of 2003 about the total refitting of its aircrafts with new blinded cockpit doors.

AZZURRA AIR has postoponed until Jan. 12th. 2002 the strat up of the new route Milan Mxp-Rotterdam in sharing with VLM.

FINNAIR has celebrated the 25th year of operations between Rome FCO and Helsinki. Now four flights a week are operated between the two capitals. With effect February a fifth weekly flight will be operated and to be increased until a daily flight from April. Mialn will be served with 11 weekly flights and code sharing via Zurich will be available to Venice and Bologna in
cooperation with Swiss Air Lines.

HOLA AIRLINES is scheduled to serve Bologna from Tenerife South on mondays with effect Dec. 16th. 2003 to the end of March 2003 on charter operations with B737/300 148Y.

LAUDA AIR ITALIA from Jan. 1st. 2003 the musical entairnment onboard of its aircrafts composed by ten channels in a range from jazz to the italian singers from the classic to the latins will be performed and proposed from Augusto Enriquez, famous cuban singer. In each seat on Boeing 767-300ER's, in Amadeus Class and Economy Class, with a personal color TV screen and a remote control unit where the passengers are enabled to reach the onboard entairnment system (video, audio, Airshow).

RYANAIR will open a new italian hub (2nd) in 2003 and plans to add domestic low cost flights in Italy with effect 2004.

STERLING AIRWAYS will add these new flights with effect May 1st. 2003:

Oslo to Bergamo
NB589 OSL 0630-0900 BGY
NB590 BGY 1000-1235 OSL
Weekly on Thursdays with a Boeing 737-800.

Oslo to Rome Ciampino

NB587 OSL 0630-0935 CIA 1035-1350 OSL NB588 (Fri)
NB587 OSL 0925-1230 CIA 1330-1645 OSL NB588 (Tue)
NB587 OSL 1600-1905 CIA 1140-1455 OSL NB588 (Sun)
Ops with a Boeing 737-800.

Will increase frequency from Stockholm to Bergamo, 3 to 5 weekly flights:
NB533 ARN 0835-1115 BGY 1215-1455 ARN NB534 (Mon/Tue/Wed/Fri)
NB533 ARN 1630-1910 BGY 2010-2250 ARN NB534 (Sat)
Ops with a Boeing 737-800.

Will increase frequency from Copenhagen to Bergamo, 3 to 4 weekly
NB505 CPH 1145-1345 BGY
NB506 BGY 1445-1645 CPH
Flights will operate Mon/Tue/Wed/Fri with a Boeing 737-800.

Will increase frequency from Copenhagen to Rome Ciampino, 2 to 3 weekly from

NB515 CPH 1625-1850 CIA
NB516 CIA 1950-2210 CPH
Flights will operate Mon/Wed/Thu with a Boeing 737-800.

VOLARE AIRLINES, the board have decide to order three A319 with delivery in 2003. Six A320 will be operated from the new Volareweb.com the new low cost airline with start up operations from April 2003, origin from Milan and Venice to Spain, France, Germany. Probably network to be extended to
domestic destinations.

AIR ALPS sixth Do328/100 is D-CHOC and soon will be registered OE-LDF.

AIR ONE has put in service another B737/400 regs EI-CZG.

ALITALIA has won the dispute with KLM concerning the damages given from the alliance broked some years ago. Exactly KLM have to pay as compensation 250 million of Euro plus the interests. Alitalia have to return 100 million of Euro to KLM for the Milan Malpensa expansion. Further 43 million of Euro of extra damages wasn't been agreed to Alitalia from the court about the positives return from the phase out of KLM aircrafts. KLM will not present a formal opposition for this judgement.
Have also saved 15 million of Euro in insurance costs due to the
restructuratioon of the previosuly contracts with a new one that cover also the possibles increases of the future enclosed the addition of new aircrafts. The consortium of intarenational insurance companies is guided from Generali, one of the italian major leader insurance company.Alitalia has received another B777/243IGW regs I-DISO, until Dec. 15th. 2002 is in training on the route Rome FCO-Rimini, three times a day.

ALPI EAGLES will insert the NG737's on Venice-Catania, Venice-Palermo, Venice-Barcelona and Venice-Madrid with effect summer timetable 2003.

BASIQ AIR will operate with effect April '03 routes from Amsterdam to Bergamo/Pisa/Naples.

EASY ISLANDS today has commenced the new route Cagliari-Palermo with 2, J31 (regs LN-FAZ/M). Interesting results recently scored from this carrier especially on the route Palermo Punta Raisi-Trapani Birgi-Pantelleria with 2.696 passenger carried. Althought Cargo market is in the low season has scored 5.670 Kg. Totally in three months Easy Islands have carried 4.416 passengers and 23.666 kg of freight.

GANDALF AIRLINES, the board of shareholders have approved the patrimonial situation. The stake capital amount at a 5.282.893,92 euro, with 5.742.276 ordinary shares, 0,92 euro each. Due to the current losing situation who is up to one third of the full stake capital a further increase of the stake capital probably is necessary to cover the losses.
Recently Gandalf has restructured the network with the dropping of the routes Parma-Rome FCO, Trieste-Budapest, Trieste -Timisoara, Trieste-Bucarest, Trieste-Cluj, Trieste-Bruxelles. New addition are Verona-Paris CDG in sharing with Air France and Venice-Bari ops for Alpi Eagles, like new rotation are expected from Venice to Berlin and Venice to Rome, again on behalf for Alpi Eagles.

HAPAG LLOYD EXPRESS will commence the daily route Venice-Koln on next 12th of this month.

MY TRAVEL LITE has published on its website the new routes to Italy operted with effect March 30th. 2003 and May 1st.2003:

Birmingham - Pisa
Depart Arrive Days Applicable Dates
06:15 09:20 Daily 30/03/03 - 25/10/03

Pisa - Birmingham
Depart Arrive Days Applicable Dates
10:05 11:20 Daily 30/03/03 - 25/10/03

Birmingham - Rimini
Depart Arrive Days Applicable Dates
19:20 22:35 Daily 01/05/03 - 25/10/03

Rimini - Birmingham
Depart Arrive Days Applicable Dates
23:55 00:25 Daily 01/05/03 - 25/10/03

Equipment is an A320.

NORDIC AIRLINK, Airtours a swedish tour operator has published the timetable of new direct flights to Italy. These new charter flights from Stockholm Arlanda to Bologna/Rome will commence on March 13th. 2003 on twice weekly basis on Th and Su with MD82/3.

Timetable:

Arlanda - BLQ Tuesdays 0835 1110 NORDIC AIRLINK/MD82
BLQ - Arlanda Tuesdays 1210 1455 NORDIC AIRLINK/MD82
Arlanda - BLQ Sundays 0835 1110 NORDIC AIRLINK/MD82
BLQ - Arlanda Sundays 1210 1455 NORDIC AIRLINK/MD82

Operations are expected to terminate on Dec. 4th. 2003

Arlanda - Rome FCO 1555 1900 NORDIC AIRLINK/MD83
Rome FCO - Arlanda 2000 2310 NORDIC AIRLINK/MD83

Arlanda - FCO 1555 1900 NORDIC AIRLINK/MD83
FCO - Arlanda 2000 2310 NORDIC AIRLINK/MD83

AIR ALPS has received its sixth Do328/100, soon will be introduced from Jan 13th. 2003 on the route Parma-Rome FCO operated on three daily basis. With effect Feb. 2nd. 2003 will be four daily. Flights has suitable connections with Alitalia via Rome FCO and are in code sharing again with Alitalia.

AIR DOLOMITI with effect Dec. 1st. 2002 will increase from three to four daily on the route Verona-Munich. Like Verona also Venice, the route to Munich will be increased from four to five daily.

CSA with effect April 2003 will open the route Prague-Tallin on four weekly basis. This destination is directly in connections for flights with origin Bologna, Milan and Rome.

GANDALF AIRLINES has dropped the route Rome-Parma one week ago.

LAUDA ITALY new c/s

MERIDIANA launch the new operation French Revolution from mondaty Dec. 2nd. 2002 and change totally the rules to fly. Between Dec. 2nd. 2002 to April 15th. 2003 has reserved 10000 seats on the route Naples-Paris CDG at the
reasonable prices of 9,00 Euro, 19,00 Euro, 39,00 Euro one way pour person.
From Cagliari to Paris CDG are appliables the following fares, 9,00 Euro, 29,00 Euro, 59,00 Euro one way pour person, availables in the dedicated reservation classes.
Reservations are very easy to made directly from your home via PC 24h to 24h in internet at www.meridiana.it. Via travel agency or calling to the Meridiana Call Center 199.111.333 from 0800am to 0900pm.
Will continue also to apply the special fares for residents in Campania,Sicily and Sardinia in departure from the various domestic destination placed in the north and central Italy. These fares are available also during the Christmas holidays until Jan. 7th. 2003 in the dedicated reservation classes. The engineering business unit of this company recently was been certified to operate as authorized facility from Boeing on the B717.
Yesterday a Spanair Link/AeBal B717 was seen in the Meridiana facility hangar in Olbia. Iberia has also contracted 6 C checks for its MD87's.

AEROLLOYD will ops on Dec. 20th and 21st. 2002, Jan. 5th. and 6th. charter flights from Milan Mxp to Catania/Palermo on behalf for SNT WEB (SKY NETWORK TECHNOLOGIES a sister company of Air Sicilia, Free Airways)

ALITALIA will resume soon regular flights from Italy to China (Peking and Shanghai, Hong Kong).

CLUB AIR has start up to operate on Nov. 24th. 2002 on this timeschedule:

VRN-ARAD 6P 436 mo/we/fr 8.30 11.10 BAE 146 non stop
VRN-BUCAREST 6P 432 mo/fr 15.00 18.20 BAE 146 non stop VRN-BUCAREST 6P 432 tu/th/sa 7.00 10.20 BAE 146 non stop
VRN-BUCAREST 6P 432 we 9.00 12.20 BAE 146 non stop
VRN-CLUJ 6P 482 tu/th 9.00 13.10 BAE 146 non stop
VRN-CLUJ 6P 482 su 15.00 19.10 via Tsr BAE 146
VRN-ORADEA 6P 436 mo/we/fr 8.30 12.20 via Arad BAE 146
VRN-TIMISOARA 6P 434 mo/we/fr 16.00 18.45 BAE 146 non stop
VRN-TIMISOARA 6P 482 tu/th 9.00 11.45 BAE 146 non stop VRN-TIMISOARA 6P 482 su 15.00 17.45 BAE 146 non stop

VRN-SOFIA 6P 200 mo/fr 9.00 12.10 BAE 146 non stop

with effect Dec. 10th. 2002:

BARI-BUCAREST 6P 472 tu/th/sa 14.10 18.30 via Tsr BAE 146
BARI-TIMISOARA 6P 472 tu/th/sa 14.10 16.50 non stop BAE 146

EASY ISLANDS will start the route Palermo-Cagliari on daily basis with a 34 seater SF340 with effect Dec. 3rd. 2002. During October the load factor scored on the route Trapani-Pantelleria operated on twice daily basis was 80%, carrying 2696 passengers. In the first three months of operations of this youngest sicilian airline 4416 passengers ha been transported.

GANDALF AIRLINES, the board of shareholders evaluating the finacial situation of a net loss scored at Nov. 26th. 2002 of 9,9 million of Euro, soon will met the aorcraft leasing companies plus the banks to discute the strategies for the future. A small changement in the timetable has forced to drop the route from Trieste due to the poor results and the successfull addition of new flights from Verona to Paris and from Venice in cooperation with Alpi Eagles.
A new proposed stake increase will be performed soon for a value of Euro 29.285.607,60.

MERIDIANA, the engineering division of the italian carrier on his facility of Olbia have started to performance "C" checks on six Iberia MD87'S.
Has sold out the handling division in operation at Olbia to the loacal handling company GEASAR. This company is a sister controlled company of Meridiana. 64 peoples was transferred to the handling operator and a formal communication has been posted to the trade unions.

SWISS AIR LINES will present a plan soon to the local regional government of Liguria for the possible restart of the route Zurich-Genoa, cancelled after the Swissair bankrupty.

VIETNAM AIRLINES after the start up of diurect flights from Hanoi to Berlin is interested to open also direct flights from Hanoi to Milan.

VOLARE AIRLINES, rumours reports interests from Alitalia to purchase a 15% of the shares of this private company.

AER LINGUS, with effect today on the major CRS (Amadeus, Sigma-Galileo) the irish national airline has loaded and opened the reservation to the new thrice weekly service from Bologna to Dublin with B737/500 from March 30th. 2003. This route will be operated on Tuesday-Thursday-Sunday. With effect May 17th. 2003 an additional weekly frequency will be operated on saturday,again with B737EQV.
Timetable:
DUB-BLQ EI512 1000-1330 B737/500 NON STOP 30MAR-25OCT -2-4--7
BLQ-DUB EI513 1415-1605 B737/500 NON STOP 30MAR-26OCT -2-4--7

DUB-BLQ EI510 0720-1050 B737EQV NON STOP 17MAY-26OCT -----6-
BLQ-DUB EI511 1135-1325 B737EQV NON STOP 17MAY-26OCT -----6-

AIR ATLAS EXPRESS will ops a regular charter flight from Bergamo to Casablanca with effect Dec. 21st.2002 every satiurdays with B737/400, in Italy the representative is Edland Viaggi with offices in Turin, Milan and Rome.

AIR DOLOMITI in October has scored a load factor of 57,7% (+7,7 percentual point) and an increase of passsenger carried of +38,9%. In 2002 the load factor is in the first ten months of 55.6% and the passengers transported are more than 908.000.

AIR ONE will launch the new AirOne carnet for frequent travellers, this new option in the past was been available a single carnet of 10 coupons and one free, now these carnets are five with discounts that starts from 9% to 15%.
The mini carnet is composed by six coupons. The classic carnet from 10 plus one free. The medium 19 plus two free, Maxi with 22 coupons plus three free and Mega 31 with four free.

AIR VALLEE' with effect Nov. 20th. 2002 will suspend the route Crotone-Rome FCO. Will double the flights between Rome FCO and Aosta, some frequencies, due to overnight limitations will land as scheduled in Turin. With effect Nov. 27th. 2002 will add a daily rotation from Vienna to Turin. Torino FC football team have contracted one Do328JET to carry out the team on the weekends.

DELTA AIR LINES with effect May 1st. 2003 will add a dailyrotation Rome FCO-Boston and Rome FCO-Cincinnati.

FEDERICO II^AIRWAYS was been recently declared in bankrupt from the court of Foggia. Uncorfirmed voices reports that the financial losses scored amount at around 30 billion of ITL. Do328 being on the ground impounded one in Foggia and another in Bari.

KLM will increase from March 30th. 2003 from 20 to 21 weekly flights on the route Bologna-Amsterdam operated with KLM City Hopper F70's.

MALEV will increase with effect March 30th. 2003 from six weekly to daily the route Bologna-Budapest being operated with Malev Express CRJ200.

MERIDIANA with effect Dec. 2nd. 2002 will increase from five to six daily flights in the weekdays from Verona to Rome FCO. The new flight is operated at 8am. This is the first reply to the introduction of new regular flights as outsider from Alpi Eagles from Verona to Rome FCO and successfully from Verona to Palermo/Catania.
Has launched the new offer "revolutionaire" in italian is rivoluzionaria but with the new inclusive offer rivolazione means in english reflowning.
Passenger that purchase a ticket until Dec. 15ht. 2002 that for example will fly at 49 Euro oneway if they preserve the boarding card receipt are enabled to fly at 25 Euro one way in the same leg from Jan.10th. 2003 until the end of March 2003.

SOUTH AFRICAN AIRWAYS will upgrade from three to four weekly the Jo'burg-Milan Malpensa with a wetleased BMI A330/200. This type of aircraft is the transition aircraft for the future deployment of the A340's on this route.

AIR FRANCE will launche with effect Dec. 1st. 2002 a new regular flight from Marseille to Rome with ATR72.

AIR INDUSTRIA continue to offer the route Rimini-Naples until Nov. 30th.2002 with the launch fare of 75 Euro plus taxes one way.

AIR NOSTRUM has wet-leased from less than one month a British European Canadair CRJ200 G-JEAB. Based at Bologna with airline owner technician it fly regular from Bologna to Barcelona on thrice daily basis.

AIR VALLEE' will ops with effect Nov. 27th. 2002 the route Vienna-Turin (daily) with Do328JET.

ANGEL AIRLINE with effect Nov. 21st. 2002 will add a twice weekly charter flight from Rimini to Bucarest/Craiova with a 18 seater Jetstream 32:
Timetable as follows:

Rimini-Craiova-Bucarest: 1300-1640-1700-7.30 Monday
connections are suitable to Iasi and Suceava
Rimini-Bucarest: 13.30-17.30 (diretto) Thursday
connections are suitable to Iasi and Suceava.

Bucarest-Rimini 10.10-12.10 Monday
connections are suitable from Iasi and Suceava

Bucarest-Craiova-Rimini: 10.10-1040-11.00-12.40 Thursday
Craiova-Rimini: partenza alle ore 11 arrivo alle ore 12.40 (diretto) - Giovedì
connections are suitable from Iasi and Suceava.

ALPI EAGLES with effect Nov. 15th. 2002 will commence a twice daily flight from Verona to Palermo. With effect Dec. 2nd. 2002 to be commenced a daily rotation from Verona to Catania.

ALISEA AIRLINES has commenced a series of winter regular charter flights from Lamezia Terme to the following destination in Germany on behalf of a german tour operator:

Saturday from Nov. 2nd.02 to Feb.15th. 2003:

BBG/3B4640 Lamezia Terme-Munich
BBG/3B4641 Munich-Lamezia Terme
BBG/3B4642 Lamezia Terme-Dusseldorf
BBG/3B4643 Dusseldorf-Lamezia Terme
BBG/3B4644 Lamezia Terme-Frankfurt
BBG/3B4645 Frankfurt-Lamezia Terme

Sunday from Nov.3rd. 2002 to Feb. 16TH. 2003

Lamezia Terme-Berlin Schonefeld
Berlin-Schonefeld-Lamezia Terme

All the flight are operated with B737/300 148Y.

Seasonal outgoing flights are operated from Milan Mxp to Sharm el Sheikh on saturdays being operated until the delivery of the second aircraft from Air One.
On mondays from Milan Mxp to Hurghada until March 24th. 2003.

ALITALIA and AIR FRANCE soon will plans to exchange a quote of 2-3% of the shares between the airlines.
Confirmed the acquisition in drylease for further 3 B777/200ER (from 6 to 9).During the next board of directors probably will decide to add another 767 (13th) in its fleet. Rumours reports that are definitevely remote the possibilities to add the A330 as new long haul airliner.

AZZURRA AIR will add from Nov.17th. 2002 the route Milan Mxp-Rotterdam in sharing with VLM.

BLUE PANORAMA AIRLINES will grant a weekly rotation with effect December 2002 from Milan Mxp to Santo Domingo operated on behalf for Hotelplan Italy.

BRITISH AIRWAYS with effect Dec. 22nd. 2002 will ops a weekly (sunday) flight from Birmingham to Turin ops with CRJ700. WIth effect Jan 13th. 2003 a new thrice weekly rotation woith CRJ200 on Mo-We-Fr. With effect March 31st. 2003 will increase from four weekly to daily the route Birmingham-Turin (6xCRJ, 1xCR7). Thrice weekly from Venice to Turin (2xCR7 on Tu-Th, 1xCRJ on su). Daily from Venice to Manchester with ERJ145.

CYPRUS AIRWAYS has totally removed on the italian market the business gap created by the Sept. 11th. 2001 event. Usually the flights are operated with A320 157 in dual class, but sometimes has replaced the medium twinjet with the 245 seater A310. During the low periods will be introduced the A319,
most reliable than the A320 in the off peak season. Traffic from Italy to Cyprus is composed by a 60% of tourists. 40% of tickets sold by the tavel agent, exactly divided by tourist and business passengers. Trade promotions will be granted until Feb 28th. 2003 with the airport taxes removal plus the accomodation free in various hotels of the island.

EUROFLY now has in service its second A330/200 regs I-EEZA. On Oct. 21st. 2002 MD83 EI-CMZ has operated its latest regular revenue charter flight from Lanzarote-Las Palmas-Bologna. During the past weekend (Oct. 26-27th.2002)
the airliner was ferry out from Italy to U.S. on the route Rome FCO-Keflavik and than via Canadà to Oklahoma City. Eurofly has operated for various years until 5 MD83's, EI-CEK, EI-CMM, EI-CMZ, EI-CNR, EI-CPB. EI-CEK now was the
first to leave for Nouvelair Tunisie, EI-CMM to Free Airways and
successfully in storage in France, EI-CMZ now in U.S., EI-CNR was retired and transferred in France for storage. EI-CPB currently in service with Air Italy, after a short period of operations with Free Airways.
A320 I-BIKG now is reported in service with Alitalia on domestic rotation in full economy configuration. On 14th november was deliverd the 6th A320 I-EEZC.

FINNAIR will introduce a weekly flight on saturday from Jan. 4th. to March 8th. 2003 from Turin to Helsinki.

GANDALF AIRLINES with efect Oct. 27TH. 2002 has moved from Paris CDG to Paris Orly West the daily flights operated from Bergamo. To be granted the code share agreement with Air France. Carlo Cattaneo is the new head of the board of directors.
He has replaced Carlo Peretti that will continue to mantain the financial relations.

GERMAN WINGS will reduce with effect Dec.1st. 2002 the first basic fare to 19 Euro one way tax enclosed on the routes Koln-London, Milan, Berlin.

IBERIA With effect Feb. 1st. 2003 a new daily flight will be operated from Barcelona to Pisa again with Air Nostrum CRJ200LR. With effect summer timetable the route Pisa-Madrid depending from the load factor will be doubled.

MD AIRLINES has suspended the route from Stockholm to Bologna/Rome FCO/Nice/Malaga/Alicante/Palermo after that Destination Europa/Traffic Europa tour operator has been filed for bankrupty on Nov. 7th. 2002.

MERIDIANA, rumours reports the intention in future to built a new sister low cost airline based in Rome Ciampino and in the first phase could be able to start up operations with four aircrafts.

RYANAIR with effect February will open a new hub in Italy at Bergamo Orio Al Serio airport. 5 B737's will be based there and routes will be opened to Gerona (Barcelona), London Luton and Stansted, Hahn (Frankfurt), Cahrleroi (Bruxelles) , Lubeck (Hamburg), Beauvais (Paris). Flights to London will be
increased from three to six daily (two operated to London Luton and four to London Stansted). The new base designed as the third european hub outside UK will employ 100 peoples and 2 million of pax are estimated in the first 12 months of operations.

SIX CARGO / CLUB AIR, this is the first list of charter operations granted from this new charter airline operated on behalf for Valsole Viaggi e Turismo.

6P482

From Nov. 12th. 2002 to March 29th. 2003:

Verona-Timisoara-Cluj Napoca on Tu,Th,Su with BAe146/200 with reported code B5;
VRN 0800-0950 TSR TU-TH 146B5 C8 W88
TSR 1030-1120 CLJ TU-TH 146B5 C8 W88

VRN 1400-1545 TSR SU 146B5 C8 W88
TSR 1625-1710 CLJ SU 146B5 C8 W88

SOUTH AFRICAN AIRWAYS will ops with effect Dec. 2md. 2002 the route Milan Mxp-Jo'burg with an A330 wetleased from BMI.

UNITED AIRLINES with effect January 21st. 2002 will cease the route Washington-Milan Mxp. Cease also regular flights to Dusseldorf, Caracas and Santiago do Chile.

VOLARE GROUP CEO Vincenzo SODDU' has confirmed the project regarding the launch of the first no frills italian airline VOLAREWEB.COM with a fleet of Airbuses painted with a new orange colour scheme. He says "We are able to continue ahead for ourself because we have the structure and the fares level rightly sized for this market". Volare has increased of more than 20% the business range during this year. Recently an agreement with the flight attendants has been signed continuing on the right way after the similar agreement signed one year ago with the pilots. Volare continue to looks to the best benefits from the cost /prices and quality relation.

AIR ALPS with effect September 15th. 2002 will increase from three to four daily flights on the route Bolzano-Rome FCO, the new daily rotation added is in late morning, and the success continue with up to 12500 passengers carry-on from the route start-up. Air Alps this year has celebrated also the record of the 400000th passenger carried since the foundation. Aldo Bevilacqua CEO of Air Alps has established a new profitable agreement signed with Alitalia to provide to allow the direct connection via Rome of the Air Alps passengers plus the fare agreements between the two carriers favourite to fly in the
all Alitalia network.

AIR BERLIN plans to launche the new nofrills airlines also to destination outside from Germany and one of the first destination is Milan.

AIR DOLOMITI with effect Oct. 27th. 2002 will increase from two to four daily rotatioin with CRJ's from Naples to Verona.

AIR EMILIA is a new third level carrier, presented yesterday in Reggio Emilia, owned by Ernesto Salsi, a world leader in the engineering and production of special tools to cut the hard surfaces market. With further four investors has start to built this new airline. One Cessna Gand Caravan has been newly purchased from the manufacturer with an investment of 1,7
million of Euro. Start up operations to be planned on May 2002 with two daily rotations from Reggio Emilia to Milan Mxp at 160 Euro one way. Regular annual flights are planned also from Reggio Emilia to Rome Ciampino and seasonal from Reggio Emilia to Elbia Island and Olbia. Dedicated to the businessman this airline will offer dedicated pickups in Reggio Emilia for
the VIP customers.

AIR INDUSTRIA has start up its operations from Rimini to Naples. Another ATR42/300 has operated its first route from Palermo to Naples.

AIR ONE will stop on Oct. 26th. 2002 the seasonal route Lamezia - Bologna.

ALITALIA has establiashed a commercial fares agreement with Air New Zealand, throughout the Kiwi airline hub of London LHR.

With effect Jan. 1st. 2003 will introduce the 777'S from Milan Mxp to Tokyo

ALITALIA TEAM is reported that since Aug. 1st. 2002 the airline was dissolved, progressively and some aircraft now fly without the Team titles on fuselage.

EASY ISLAND, the new islander hoping carrier being that links Lampedusa to Palermo and Palermo to Pantelleria with a Jetstream 31 has carried 850 passengers during August, the owner would to continue to operate the routes daily also during the winter season. The investors that owns this carrier has decided to introduce a second Jetstream 31 to operate regular charter services from Palermo to Malta.

EUROFLY, continues the strikes of the flight crews in hostility with the airline management and the major shareholder Alitalia in opposition to the planned sale of the airline to Volare Group.
Khalifa Airlines A330/200 and /300 has been wet leased recently for long haul operations to operate the flights previosuly planned to be operated by the second expected in delivery A330/200.

FREE AIRWAYS MD83 EI-CMM is reported in storage at Dinard.

GANDALF AIRLINES, a new shareholders turn-around is expected soon, new investors as Marcello Gabbana and the company Vittoria Alata are interested to purchase the 12.25% of Gandalfin, a new capital stake increase also is expected to cover the continues losses registred until now also in the first
half of this year.

JAL will increase from four to five weekly rotations with effect winter timetable from Tokyo to Milan Mxp.

IBERIA will resume the route Madrid-Pisa with effect Oct. 27th. 2002 with Canadair CRJ operated by Air Nostrum.

MALEV, rumours reports that has delayed to start due to delayed CRJ deliveries from Sept. 16th. to Oct. 27th. 2002 concerning the start up of the routes Bologna-Budapest and Venice-Budapest.

MERIDIANA will increase with effect Oct. 27th. 2002 from one to two daily flights from Verona to Naples with MD82 as outsider of Air Dolomiti.

MINERVA AIRLINES, after the increase of the company share capital decided on Aug. 28th. 2002, talks are in course with further partner to increase and continue the development performed from itself since the end of the wetlease
agreement with Alitalia on the past March 31st. 2002. In the second quarter the passengers carried were 102751 and the load factor is 69,7%. With effect Sept. 2nd. 2002 has wetleased an ATR42/300 from Italy First, this prop is in duty on the route Rimini-Rome FCO. Leasing plans to expire on Oct. 26th. 2002.

SKY AIRLINES plans to increase until five weekly rotations before the end of September on the route from Milan Orio to Bratislava with EMB120.

STERLING AIRLINES with effect winter timetable will add a thrice weekly regular flight from Milan Orio to Stockholm. Three weekly flights during the winter timetable again to be added from Rome Ciampino to Stockholm. All flights are scheduled to be operated with B737/800. Connections now also are suitable to Oslo from the flights with origin Milan Orio and Rome Ciampino via Copenaghen.

RYANAIR with effect winter timetable will double the capacity offered on the legs London Stansted to Milan Orio/Rome Ciampino.

AIR DOLOMITI, ATR 42/500 I-ADLI carry on near the rear door a large sticker "Riviera di Rimini".

AIR INDUSTRIA with effect September 2nd. 2002 will start new regular flights from Rimini to Naples on daily basis, Naples to Catania on thrice daily basis, Naples to Palermo on four daily basis. Flights are no operated from Naples to Catania on saturdaysuntil Oct. 4th. 2002 due to no slots available
in Catania. This airline founded by Fabrizio Ferri, well knowned art photographer in the world and owner of Group Industria with legal seats in Milan and New York. The major business of this enterprise is in the casual fashion market has launched this new challenge. Strangely painted are the first two aircraft of the company fleet, fuselage in metal grey, tail in black and yellow are the landing gear area and part of the wings. In the first part of the business plan four are the ATR's in service, all these
aircrafts are purchased from Alitalia Express and their regs are
I-ATRF/G/J/L, the first twos in service are I-ATRF/L. With effect the winter season the airline plans to add further two ATR42/300 in dry lease. One of these one is probably leased from Italy First. The airline plans to commence regular flights also from Sicily to Puglia, Campania to Sardinia and Brescia
to Naples. Minihubs to be created for the future flights to the East Europe in Brescia, Rimini and Treviso. Interested destinations in the east are Budapest, Romania and ex Jugoslavia. With these type of destination to be dryleased two until three ATR72. Certified to operte under the new JAR
OPS-1, Air Industria has the main operative base where must to be performed the major overhauls in Rome Fiumicino. Pantelleria is the legal administrative base and to link the island of Pantelleria and Lampedusa one ATR42 (the 6th) to be based in Palermo. Three level fares are only available and only one way ticket to be issued without the limits of the saturday
night stay. Biological food plus drink are served onboard by friendly attendants fashioned with an ad hoc dedicated and designed style by Fabrizio Ferri. Black is the common colour.

AIR ITALY now is the operator of the twos ex Freeairways MD83's EI-CMM/CPB.

ALITALIA will launch the first route with B777/243IGW from Rome FCO to New York and not from Milan Mxp. The italian flag airline would to you only to types of aircrafts on long haul routes, beside the B777 another on will be choose in a range of B767, A330 and MD11.

ALPI EAGLES with effect Sept. 15th. 2002 will add two B737/700 wetleased from Maersk Air, operations are in ACMI for three months and than the Alpi Eagles pilots will replace the danish. OY-MRI and MRK are rumoured!!

BLUE PANORAMA now is certified to operate in ETOPS 120 mins limits on long haul transocean flights. Second B767/300's EI-CZH has joined the fleet and now is available to start overseas operations for various italian tour operators. This aicrafts was delivered three months before the planned scheduled time.

CENTREAVIA has postoned the start up fo regular passengers flight from Moscow Domodedovo to Bologna, planned with Yak42D every wednesdays due to reported troubles between the tour operator and the carrier.

CITYAIRLINES, will operate with effect Oct. 26th. 2002 a new twice daily flight from Milan Mxp to Goteborg with EMB145/135.

CLUB AIR, the new airline of the tour operator Valsole Viaggi will start soon with a couple of BAe146/200 based in Verona. Destinations planned are Sofia, Timisoara, Bucuresti and Cluj Napoca.

EUROFLY EXECUTIVE has start on Aug. 27th a new thrice daily executive flight service from Milan Lin to Rome Ciampino with 8 seaters biz jets.

GANDALF AIRLINES board of directors has approved the first half 2002 financial results, 26,4 million of Euro is the total invoice (0,66 billion more than in 2001) 152899 the passengers carried with a load factor of 51%.
Costs for supplyis, furnitures and service amount at 23 million of Euro, two more than in first half 2001, the wet lease rates costs amount at 4 million
of Euro. Work force cost amount at 5,3 millio of Euro instaead of 7,3 scored in 2001. Positives the aircrafts leasing costs that in 2002 amount at 5,5 million instead of 7,5 million registered in 2001.
The net balance report losses for 9,2 million of Euro in the first half 2002 (in 2001 was scored a result of -14.3 million of Euro).

GO FLY with effect October 27th. 2002 will mantain from Venice to London STN to daily rotations and also will add new daily flights from Venice to East Midlands and Venice too Bristol on daily basis.

HAPAG LLOYD EXPRESS is a new low cost carrier that plans to serve from December 2002 various destinations in Germany from Koln/Bonn. European destinations palnned to be served enclose Rome and Milan. Fleet is composed by eight B737/700.

MERIDIANA will drop the intention to commence on Oct. 27th. 2002 the route Bologna-Rome FCO on thrice daily basis, but with effect Oct. 1st. 2002 will resume on twice daily basis the route Naples-Bologna with MD82. The route Naples-Verona will be also upgraded from one to two daily flights with MD82.

LUFTHANSA will introduce with effect Sept. 1st. 2002 a B737/500 on place of a CRJ700 on nightsop flight from Bologna to Munich.

MINERVA AIRLINES has increase the company share capital to 3 million of Euro, in October will be increased to four million.

SKY EUROPE will not operate the route Milan Mx Bratislava from Oct. 9th. 2002, replaced by a four weekly flight Bergamo-Bratislava from Sep. 13th. 2002. Fares launch is 22 Euro one way.

STERLING with effect September start a new thrice weekly low cost flight from Copenaghen to Bergamo Orio with B737.

SWISS plans to add the fifth daily rotation from Zurich to Rome FCO with effect October 26th. 2002.

VOLARE AIRLINES on Sept. 1st. 2002 add two daily flights from Zurich to Rome FCO in code share with Alitalia. Flights to be operated with A320. Launch fare until Sept. 30th. 2002 99 Euro one way in economy and 129 in business again one way.

AIR INDUSTRIA will ops with ATR42 and Yak40 as presented in its website at http://www.airindustria.it. Routes are planned from Perugia to Milan/Turin,Rimini to Olbia/Naples, Taranto to Milan/Rom, Palermo to Cagliari/Naples, Naples to Catania, Lampedusa to Trapani/Palermo/Catania, Pantelleria to
Trapani/Palermo, Cagliari to Brescia, Brescia to Naples, Treviso to Rome FCO.
Bookings are via hotline or by internet, travel agents printing directly the booking from the website. No CRS are planned to be used.

AIR ITALY/AIR SICILIA after the demise of the fleet of Saab2000 has consequently suspended all the flight operations from Bologna to Palermo/Catania.

AIR JET has started two weekly charter rotations from Bologna to Mahon/Palma with BAE146/300 G-BTUY.

AIR ONE, updating the previously infos the regs EI-CXP is on -800 instead of -400. The airliner shows the pearled white SAS fuselage basic c/s and the tail blue and the engine nacelles white.

ALISEA AIRLINES will start operations on June 1st. 2002 with a leased B737/300 from Islandsflug/Icebird regs. TF-SUN.

AZZURRA AIR has leased two B737/700 EI-CXD/E.

BLUE PANORAMA, B737/400 EI-CUD is in the first c/s. EI-CUA nad EI-CUN are in the modified c/s like the 767 EI-CXO.

BRITISH AIRWAYS/MAERSK AIR will start on May 31st. 2002 the thrice weekly flight Birmingham-Venice.

BRITISH AIRWAYS/ BA CITY EXPRESS with effect August 19th. 2002 will add a daily rotation with EMB145RJ the route Manchester-Venice.

MINERVA AIRLINES with effect May 26th. 2002 has start a daily rotation from Genoa to Alghero with Do328/100. The route will be ceased on Sept. 15th. 2002.

NEOS has take in delivery its second B737/800 I-NEOT.

TRANSAVIA EXPORT CARGO AIRLINE has started its weekly cargo rotation from Mwenza, Tanzania to Bologna with fuel stop in Benghazi every friday with IL76.

VOLARE AIRLINES with effect June 15th. 2002 will add a daily rotation on Venice-London LGW with A320.

AIR ALPS on May 18th. 2002 has start up the flights from Siena to Vienna/Munich. Next week to be expected the Siena-Olbia. These flights are operated on weekly basis partially booked by austrian german tour operator for the beautiful agritourisms accomodations available around Siena. This is also the new way for the launch of the airport of Siena.
With effect mid June 2002 will increase from three to four daily flights on the Rome FCO-Bolzano.

AIR DOLOMITI with effect June 22nd. 2002 will commence a twice weekly regular flight Bari-Kerkira. Operated on saturday and sunday, connections are suitable from Bologna, Verona, Venice.
With effect July 1st. 2002 will add a daily service from Bologna to Nice with ATR42/500 from Mo to Sa and with CRJ200 on sundays.
A partnership agreement with Air Littoral is rumoured to provide connections from Nice.
The total invoice in the first quarter amount at 32,75 million of Euro.

AIR INDUSTRIA, updating the previosuly infos, this carrier has acquired four ex Alitalia Express ATR42/300 and various routes to be operated with effect June 15th. Some details reports regular flights from Brescia to Naples/Palermo and Perugia to Milan Linate/Turin.

AIR ONE has received further threE B737/400 registered EI-COK/CXP/CXU. A B737/400 is currently under acceptance test in Auckland, this aircraft an es Virgin Blue is now in AirOne c/s and regs VH-VOZ. The airliner is expected in delivery at the end of this week or during the next one.

ALICALABRIA was really formed and plans to add in the first time flights from Lamezia Terme, and following from the new airport of Scalea, at the moment in course of construction. Turboprops in the range of 50-70 seats are the right size preferred.

ALISEA AIRLINES, has confirmed the start up planned in June 2002 with a leased B737/400.

ALITALIA with effect June 15th. 2002 will add a new five weekly regular flight from Albenga to Rome FCO.

BA CITY EXPRESS will add a daily Venice-Manchester with effect August 19th. 2002 with Embraer 145RJ.

BLUE LINE,soon will sign an order for three DHC8/400Q. The main operational base will be in Trapani and flights will
commence with effect July 2002 from Pantelleria to Trapani and Lampedusa, plus direct links from Sicily to Rome and Bergamo. The joint venture was built by a group of financial investors of North Italy and local tourist and hotel operators of Pantelleria.

BMIBABY plans to link East Midlands and Milan with effect winter timetable 2002/3.

CIAOFLY will postpone the start up operations to July 1st. 2002 and the new timetable reports daily routes from Parma to Paris Beauvais and Parma to London Southend, plus the London Southend to Paris Beauvais.

CONDOR FLUGDIENST ops regular weekly seasonal flights from Rimini to Munich/Berlin Tegel.

DELTA AIR LINES with effect July 1st. 2002 to Sept. 30th. 2002 will add a new seasonal daily flight from Cincinnati to Rome FCO with B767

EUROFLY from May 3rd. has based its once MD83 EI-CMZ at Bologna and is confirmed to operate charter flight to Spain, Greece and Egypt this summer until end October 2002.

FEDERICO II AIRWAYS, the new holding AVICOM that has bought the 80% of the shares is interested to maintain the actual work force and grant the future links from Foggia to Milan/Rome. The fleet will be based with two ATR42.
The debts (3 million of Euro) will be payed from the new owner but the local authorities of Foggia at the moment with 20% of the shares in the hands will supply 1 million of Euro as contribution.

FLY MEDITERRANEO the handling and owner of the aiport of Lecce San Cataldo has confirmed during a press conference about the creation of a new third level carrier with a fleet composed by 37 seater DHC8/100 to operate and
commence regular flights from Lecce to Rome (and extension to Alghero and Naples) plus from Lecce to Bologna (and extension to Florence and Pisa).
Seasonall flights to be added from Lecce to Dubrovnik, Tirana & Valona, Kerkyra, Ioannina, Zakynthos.

FREEAIRWAYS now has applied the "Air Italy" sticker on fuselage of their airliners.

IBERIA with effect June 3rd. 2002 will triple every day the route
Bologna-Madrid with an Air Nostrum CRJ200. From the same date will double also the route Turin-Madrid with CRJ200. The spanish national carrier has in a few year a lot expanded the network in Italy. Now serve from Bologna the cities of Barcelona and Madrid with three daily flights each. Turin with two daily flights each to Barcelona, Madrid. Venice is served with two daily flights to Madrid (1xMD88, 1xMD87) snd Barcelona with a daily flight with MD88. Plus the traditionally Rome and Milan.

LAUDA AIR ITALY expand the activities also in the medium haul segment with some weekly rotations from Milan Mxp Verona /Bologna to Ibiza, a weekly rotation from Milano Malpensa to Istanbul-Antalya, to Sharm el Sheikh and from Milano Malpensa /Verona Catullo to Mahon.
New long haul routes from Milan Mxp to Mombasa-Zanziba from July 23rd., from July 24th. the new rotation Milan Mxp to Yangoon-Phuket.

LUFTHANSA will increase from four to five daily flights on the routeBologna-Frankfurt with effect July 1st. 2002 with Canadair CRJ.

MERIDIANA with effect June 1st. 2002 will add the twice weekly flight from Perugia to Florence-London LGW.

MONTENEGRO AIRLINES has resumed on May 10th. 2002 the twice weekly flight from Podgorica to Rome FCO instead of Rome CIA. A twice weekly rotation will be granted from June to September from Rome FCO to Tivat.

PANAIR - COMPAGNIA AEREA MEDITERRANEA will add Parma with effect June 1st. 2002 with a weekly regular flight on saturdays from Lampedusa to Parma with B737/400.

SIX CARGO has signed an agreement with Mistral Air for a five weekly regular flights during the nights from Milan Lin to Rome FCO and back with a Fokker 27/500 with a payload granted of 6000Kg pour leg and a reliability of 100%.
Due to the special warrants of this contract has established a new operational and mantainance base in Rome FCO where the crews also will based. The airline was also certified under the JAR145 statement to provide direct mantainace on the aircraft in fleet. A second F27 will be added soon, the delivery was delayed due to the collapse of the freight market after the
vents connected with Sept. 11th. 2001.

VOLARE AIRLINES, the administrative regional court has assigned the route Cagliari-Milan until now operated and assigned to Air One.
With effect June 1st. 2002 will add one daily rotation from Milan Linate to Brindisi and Milan Mxp to Brindisi both with A320.

AEROPOSTAL is now represented in Italy by Distal Group. In the future probably a joint venture with Blue Panorama Airlines (owned by Distal) will agrred for a direct flight to Venezuela operated by Blue Panorama with its newly delivered B767.

AIR ADRIATIC, the new start up croatian carrier with three 158 seaters MD82 and three 50 seater F50 will add Pescara in the timetable with a direct flight in July an August from Brac and Dubrovnik to Pescara.

AIR COLUMBIA is interested due to the success scored on the first times from the start up operations to introduce an ATR42 in fleet.

AIR ONE has returned to lessor the couple of Transavia B737/300 PH-HVV/T. Soon, will receive in ACMI four SAS B737/800.

ALISEA AIRLINES has show its future plans that consist in the current season to operate with a dry leased B737/300 plus another one in short term wet lease. In 2003, three are the aircraft in service, two in dry lease and one in wet lease. In 2004 will be 3 all in dry lease.
The operational base in Palermo but flights are scheduled also from Milan Mxp, Catania, Bologna and Verona.
Talks are in course for agreement with foreign carriers or tour operators to grant a continous operative schedule also during the winter season and the low periods.
The mantainance activities are granted by Atitech, Naples.

BLUE PANORAMA, the first B767/300ER ex LTU was registered EI-CXO and show a new revised c/s with the similar paint scheme style present in the rear part of the fuselage also in the front side.

ALPI EAGLES will commence a daily rotation from Milan Lin to Naples with effect May 6th. 2002. Between July 1st. and Sept. 15th. 2002 the route will be suspended.

SIX CARGO will add a regular cargo flight from Milan Lin to Zurich on behalf for Chapman Freedom.

NEW REGISTRATION

1722 A319-112 ALITALIA I-BIMA (4/02) ex D-AVWP
1740 A319-112 ALITALIA I-BIME (5/02)
1745 A319-112 ALITALIA I-BIMI (5/02)
1770 A319-112 ALITALIA I-BIMO (7/02)

A330-200 VOLARE AIRLINES I-VLEF 12/04/2002

ADA AIR has resumed the twice weekly flight Rimini-Tirana.

AIR ONE with effect June 19th. 2002 will increase from weekly to twice weekly the flights on the route Rome FCO - Bologna -Pristina with B737 operated on behalf for Viktoria Tourist. These flights are used to carry to the Kosovo peoples local ethnics peoples.

AIR VALLEE will add with effect June 15th. 2002 thru Sept. 15th. 2002 the seasonal routes Aosta-Cuneo-Olbia on saturdays and Aosta-Pescara.

ALBANIAN AIRLINES, after the deadline date for the airliners with noise stage II limits, has introduced a Tu154M LZ-HMS with simplified Hemus Air c/s in the timetable and frequently is in operations from Bologna to Tirana.

ALPI EAGLES continues to mantain in service one wetleased Italy First ATR42 that at the moment is in service from Palermo to Naples.

ALITALIA updating the previosuly infos reported has dropped the route Palermo-Naples.

AZZURRA AIR now has in service a leased Maersk Air B737/700 OY-MRK.

CIAO FLY updating the infos is a new no-frills carrier with timeschedule formed by domestic italian services and international service from Rimini to Catania/Bruxelles/London Luton/Paris Beauvais/Liege and Parma-Paris Beauvais /London Luton.
Flights will starts on June 3rd. with this schedule as reported in the website at http://www.ciaofly.com :

CATANIA TO:
RIMINI 123456- 0630 0800 CIO 201

LIEGE TO:
RIMINI -2-4-6- 1035 1215 CIO 231

LONDON LTN TO:
PARMA 1-3-5-- 1310 1610 CIO 121
RIMINI 1-3-5-- 1430 1730 CIO 221

PARIS BEAUVAIS TO:
PARMA 123456- 0910 1040 CIO 111
12345-7 1925 2055 CIO 115
RIMINI 1-3-5-- 1035 1215 CIO 211

PARMA TO:
LONDON LTN 1-3-5-- 1110 1210 CIO 120
PARIS BEAUVAIS 123456- 0715 0845 CIO 110
12345-7 1730 1900 CIO 114

RIMINI TO:
CATANIA 1234567 1935 2105 CIO 202
LIEGE -2-4-6- 0825 1005 CIO 230
LONDON LTN 1-3-5-- 1245 1345 CIO 220
PARIS BEAUVAIS 1-3-5-- 0825 1005 CIO 210

GANDALF AIRLINES updating the previosuly infos reported in the past hasn't cancelled the route Pisa-Barcelona, but has reduced from twice daily to daily the flights operated on this route.

IBERIA updating the infos reported yesterday commence the night stop rotation from Venice to Madrid with MD87 instead of A320 with effect May 2nd.

LAUDA AIR ITALY will launch with effect July 2002 two new weekly charter rotations from Milan Mxp to Montego Bay and Milan Mxp to Yangoon-Phuket.

LUFTHANSA has celebrated on April 5th. 2002 the 15th. years of operations from Bologna. Lufthansa in 1987 has added Bologna in its timeschedule with a daily commuter services from Bologna to Munich with 28 seater Embraer EMB 120 Brasilia of DLT. Since the start up the success was indefineble and now 5 are the daily flights that links Bologna and Munich, 4 directly owned by Lufthansa and one from Air Dolomiti. Lufthansa has successfully added Frankfurt on July 2nd. 1991 and Dusseldorf in 1999. At the moment Lufthansa has in operation 98 are the weekly flights at the moment operated with LH code from Bologna plus 9 seasonal weekly flights are expected with effect June 2002.

MALAYSIA AIRLINES with effect July 1st. 2002 will divide in two ad hoc routes the current operated flights from Rome to Kuala Lumpur via Zurich.

MALEV updating the infos reported in the past message begin the Venice-Budapest from July 2nd. with Fokker 70 instead of Canadair CRJ200ER.

MINERVA/ALITALIA will resume with effect April 16th. 2002 a daily rotation from Rimini to Milan Mxp.

NORTHWEST AL with effect June 2nd will resume the route Detroit-Rime FCO on daily basis.

RYANAIR with effect April 4th. 2002 has reduced from two to an once daily from Pisa to Charleroi (Bruxelles) and mostly the flights are operated with B737/200 instead of /800.

SAA-SOUTH AFRICAN with effect July 1st will launch a new thrice weekly direct flight from Milan Mxp to Johannesburg.

SWISSWINGS with effect April 8th. 2002 due to the ceasing operations has dropped the routes operated in Italy from Geneve to Florence/Venice.

TRANSAVIA/KLM has added four weekly rotations from Catania to Amsterdam, four are the weekly rotations from Pisa to Amsterdam with effect March 31st. 2002, plus three more to be added on April 26th. 2002. The routes will be suspended in October 26th. 2002.

ADA AIR has suspended all the flights from Tirana to Rimini /Ancona with effect April '02, probably connected with the stage II banning aircraft rules.

AIR ALPS will add this summer regular flights from Siena to Munich/Vienna every satuday with effect May 18th. 2002 and in the same day on behalf for an italian tour operator the route Siena-Olbia weekly regular charter. The route Vienna-Banja Luka is operated again once weekly.
The further flights operated on the weekends in Italy are Bolzano-Olbia,Bolzano-Naples, Bolzano-Cagliari and in only four scheduled dates from Bolzano to Lamezia Terme.

AIR DOLOMITI as previosuly reported with effect June 15th. 2002 to Sept. 15th. 2002 will operate daily and not twice weekly the seasonal routes Bologna-Alghero and Alghero-Verona. From Mo to Fr. with Canadair CRJ200LR and on Sa and Su with ATR42/500.
The twos Canadair CRJ recently delivered (the last one, the fifth was on March 27th. 2002 for the record has flown out from Montreal to Trieste with only one stop in Dublin. With this delivery Air Dolomiti now has 20 airliners in fleet) the new aircrafts will be based in Verona.
From Verona the Canadairs flown to Madrid, Bari, Frankfurt, Bruxelles, Munich, Amsterdam and Paris CDG, sometimes alternatively with the ATR's.
With effect July 1st. 2002 to Sept. 15th. 2002 the midday flight from Bologna to Bruxelles will be temporary suspended.
An ATR72/500 is expected in delivery for June 2002, this is the 21st. aircraft, the airline expects further 2 ATR72/500 and one CRJ2000LR in 2003.
Further three aircraft are expected in delivery in 2003 for a total of 27 aircrafts.
With effect April 8th. 2002 with the introduction on the route
Bari-Verona of the Canadair CRJ's shall allowed the passenger to fly out to Brussels and Amsterdam.
With effect June 17th. 2002 will increase from six to thirteen weekly on the route Bari-Venice with ATR72.

AIR FRANCE with effect March 31st. 2002 will add nineteen weekly flights from Paris CDG to Pisa with Embraer EMB135RJ.
From Bologna to Paris and Venice to Paris CDG, drops 14 weekly flights replaced by 21 weekly rotation with Alitalia MD82's.

AIR ITALY / AIR SICILIA with effect March 30th. 2002 has started a weekly regular rotations from Bologna to Lampedusa and from Milan Linate to Lampedusa.
With effect April 6th. 2002 the rotations are granted by Free Airways MD83's. An additional weekly regular rotation will be added from June 2nd. on sundays.

AIR LITTORAL will increase from fourteen to seventeen weekly flights from Nice to Venice all with CRJ with three daily rotations on Fr, Sa, Su.

ANGEL AIR has did'nt started the regular charter flight from Bucuresti to Rimini.

ALITALIA has closed the financial year 2001 with a net loss of 907 millions of Euro.
With effect June 22nd. thru Sept.14th. 2002 will operate on behalf for Orizzonti tour operator a weekly charter rotation from Bologna to Pantelleria.
With effect June 1st. 2001 thru Sept. 21st. 2002 on behalf for the same tour operator will operate a weekly charter rotation from Venice to Pantelleria.The airline has downgraded from MD82 to Do328 the route Cagliari-Palermo and with the dropping of the leg Cagliari-Turin has partially cancelled one of
the most oldest links between the north italy and the two major islands, infact the route Turin-Cagliari-Palermo was one of the first oldest routes operated by Ati since the sixties. The Do328 was introduced also on the legs Catania-Naples and Palermo -Naples. With the use of this props has totally does impossible the links via Naples to Catania and Palermo to Turin.
Has reduced from thirtyfive to eighteen weekly flights from Milan Mxp to Florence.

ALPI EAGLES will resume the twice weekly seasonal flight from Venice to Alghero7Lamezia Terme from July 6th. to Sept. 14th.

CARPATAIR confirms timetable operated in winter with three flight a week from Bologna/Florence/Verona/Bergamo to Timisoara and fiveweekly from Treviso to Timisoara. A new agreement will be signed with Air Dolomiti to use the daily rotations of the italian regional airline via Munich.
Carpatair has added a daily rotation from Munich to Timisoara.

CATHAY PACIFIC AIRWAYS with effect July 7th. 2002 to October 26th. make ad hoc regular stop flights rotation on sundays in Venice on the way to go to London LHR with B747/400.

GANDALF will op a new flight from Trapani to Milan Linate every day with effect March 31st. 2002, this is the first time that Trapani is linked with the second major centre of Italy.
Has agreed with Minerva to establish a new code sharing agreement to operate the route Parma-Rome FCO.
The airline will drop with effect March 31st. 2001 the route Pisa-Paris CDG.

IBERIA will add a new night stop daily rotation with A320 from Venice to Madrid with A320.

LUXAIR will resume the weekly rotation on saturdays from Venice to Luxembourg with Embraer 145RJ with effect May 12th. 2002 to October 26th. 2002.

MALEV with the new Regional Malev Express with effect Aug. 1st. 2002 will ops the routes Bologna-Budapest and Venice-Budapest from July 2nd. with Canadair CRJ200ER.

MERIDIANA has increased from seven to thirteen weekly flights from Florence to Palermo/Catania. Has increased from 14 to 20 weekly flights from Florence to London LGW.

MINERVA AIRLINES hasn increased from seven weekly to ten weekly the rotations on the route Trieste-Naples. The fourth daily flight on the route Milan Mxp-Trieste. A fifth daily flight from Triste to Rome FCO (4xdaily with Alitalia MD82). A new daily flight from Catania to Trieste.

QANTAS AIRWAYS has planned ad hoc stops in Venice of the flights to Lomdon LHR on May 28th., June 8th., June 19th., July 13th., August 6th., August 30th. with B747/400.

TRANSAVIA will add a weekly rotation from Venice to Amsterdam from 11/06/2002 to 10/09/2002 on tuesdays with B737/800.

VOLARE will change with effect March 31st. 2002 its twice letter code from 8D to VA. Very close is expected the delivery of the first A330/200 that shows a new different livery with the basic blue low part of the fuselage and the titles font are the same of the holding company Volare Group.The newest A330's will be introduced to the medium range charter operations especially this summer from Italy to Greece.With effect June 1st. 2002 will add the planned in the past winter daily flight from Venice to Madrid with A320.

AIR ALPS, open the new thrice daily flight from Bolzano to
Rome FCO and Bolzano to Innsbruck (daily) with extension to Amsterdam.
Connections are suitable via Innsbruck with other destinations and via Roma are suitable connections supplied by Alitalia, where Air Alps has signed an agreement favoured by the new GM Mr. Aldo Bevilacqua , him was previously a manager in Alitalia and other italian airlines. During the summer season are
suitable also new flights from Bolzano to Sardinia, Naples and Reggio Calabria.

AIR DOLOMITI, open the new route Bologna-Bari on daily basis as extension of the route Munich-Bologna with ATR42/500.

AIR LITTORAL has in course contact to establish a new code share agreement with Air One especially for the route out from Rome to Sicily. The airline wants probably to approach the Star Alliance group as new partnership but the detail the moment are unknown, because at the moment inserted in the Qauliflyer alliance. Other agreements at the present are with Spanair, SN
Brussels Ailines and Alpi Eagles. The italian market is generally profitable in the routes from Nice to Venice, Rome, Naples with a load factor of 60%.
The route Florence-Nice is a the moment at 35% and is too low from the required profit break point. New routes are at the moment not planned but in case the first one will be the Nice-Milan.

AIR ONE has take on delivery further two B737/400 regs EI-CXH/I. 52 are the extra flights scheduled during Easther holidays period from Alghero to Milan/Rome.

ALITALIA has reported a net debt situation in 2001 of up to 900 millions of Euros, more than the 673 planned in the biannual plan approved by the board in November 2001.

BRITISH AIRWAYS will increase from seven tp eight weekly flights on the route Genoa-London LGW.

CATHAY PACIFIC CARGO soon will use the airport of Milan Mxp for new flights from Hong Kong.

ETHIOPIAN AIRLINES increase with effect summer timetable from four to five weekly rotations on the route Addis Abeba -Rome FCO and four are the weekly rotations from Rome FCO to London LHR.

EUROFLY, the advisopr company Lazard has informed about the status of the sold out of this charter airline, voices reports that the financial advisor company recommend a partnership with Alitalia, the italian major carrier has to mantain not less than 20% of the shares. Five was the offers presented and Volare Group SpA is the first, followed by Rusconi Family, plus a
Luxembourgaise fund.

MERIDIANA will launch another opportunity to fly in the italian domestic routes at reasonable and discounted price, infact with effect April 4th. to June 14th., 150000 seats are available at the special price of 40 Euros.
This new campaign is named "RivoluzionAria".

RYANAIR with effect April 4th. 2002 will reduce the flights from twice to once daily on the route Turin-London STN. Upgrade from one to two daily flights on the Alghero-London STN, Ancona-London STN.

TYROLEAN AIRWAYS, with the start up operations from Air Alps has decided to drop the route Bolzano-Rome FCO and Bolzano-Frankfurt with imediatly effect March 31st. 2002.

VOLARE AIRLINES add with effect April 20th. 2002 the route Bari-Athens as extension of the route Milan-Bari.
With effect May 1st. 2002 will double the daily flights on the route Bruxelles-Naples.

ALPI EAGLES has launched its new frequent flyer program named Blue Fidelity, as the others this new fidelity plans provide to give free flights to the frequent customers.

CYPRUS AIRWAYS soon will introduce the A319 into the routes fron Cyprus to Italy, this new liner is expecially sized for the low demand during the non peak periods.

CHINA AIRLINES with effect April 4th. 2002 will increase from two to three weekly flights from Rome to Taipei with A340/300. The new weekly frequency to be operated on thursday.

CIAO FLY is a new established carrier by a swiss financial group that intends to open new low fares routes, in Italy wants to open a referment point in Parma and plans to open with effect June 1st. 2002 new routes from Parma to Barcelona/Bruxelles/Paris.

FEDERICO II AIRWAYS was purchased by Aviacom a new italian finacial gropu that has purchased the 80% of the stake for 6 millions of Euro, the new owner wants to mantain the same airline name and legal seat. At the moment is unknown the new plans of the new owner.

GANDALF with effect April 1st. 2002 open the new route Pisa-Bruxelles on twice daily basis with Dornier 328Jet, at the same time drop the route Pisa-Barcelona operated until March 31st.2002 on twice daily basis.

LUFTHANSA with effect summer timetable 2002 will introduce this new highlights:
from 3 to 4 daily flights on the route Bologna-Munich (2xF50, 1xCRJ, 1xCR7), plus a daily flight operated by Air Dolomiti with ATR42/500;
from 3 to 4 daily flights on the route Venice-Munich, operated by Air Dolomiti;
from three to five daily flights from Florence to Munich (3xARJ85, 2xDHC8/400);
a new sunday flight on the Hamburg-Milan Mxp operated by Eurowings;
from four to five daily flights on Turin-Frankfurt (3x737, 2xARJ85);

MALEV has ordered two CRJ200ER and optioned further six CRJ's from Bombardier Inc.. Delivery are scheduled in June and late July. The new carrier Malev Express established and fully owned by Malev wants to build a new regional network. The flights to be operated by Malev Express with Malev flights numbers. They are planning to start flights to Italy (Bologna, Venice), Romania, Ukraine from this summer. Below is the colour scheme adopted for Malev Express.

MILLENIUM AIRLINES, the new carrier with irish ownership that wants to establish a new hub in Florence with a fleet of a dozen Avro RJ100, plans to establish new routes as Florence-Athens and Florence-Budapest. Start up is expected in June.

UZBEKISTAN AW, will resume the twice weekly flight Rome FCO-Tashkent on monday and thursday.

AEROFLOT has at the moment in storage at Rome FCO a new DC10F registered VP-BDE.

AEROLINEAS ARGENTINAS plans to expand the network from Italy with further two weekly frequency on the route Rome FCO-Sao Paulo-Buenos Aires with B747 plus the thrice weekly Rome FCO-Buenos Aires with A340.

AIR ALPS pland to operate seasonal weekend flights from Bolzano/Bozen to Olbia/Cagliari from April 27th. 2002. From Naples and Lamezia Terme.

AIR DOLOMITI add the route Bologna-Bari with effect March 27th. 2002. With effect April 8th. 2002 the new daily route Verona-Madrid with CRJ200LR. With effect April 13th. 2002 a twice weekly seasonal flight from Berlin to Venice with ATR72. With effect May 11th. 2002 a weekly seasonal on saturdays from Cagliari to Verona. The seasonal flights from Genoa -Olbia will be operated from June 1st. The Genoa -Frankfurt to be upgraded from March 31st. 2002 from ATR42/500 to CRJ200LR. The route Amsterdam-Verona will be operated from March 31st. 2002 from Do328 to CRJ200.

AIR EUROPE ITALY operate a weekly charter flight from Rimini to La Habana from Oct. 8th. 2002 with B767 on behalf for I Viaggi del Ventaglio-Columbus.

AIR LIB operate from May to October a weekly charter from Rimini to Paris CDG with MD83.

AIR ONE, in May has 25 B737 in fleet, now they are 22, with effect June 1st. 2002 add a daily flight from Palermo to Turin, due to the Alitalia phase-out from the route.
The airline has informed that with effect April the daily flights from Rome to Palermo are to be increased from four to five, Rome-Catania from five to six.
With effect June 1st. yhe route Crotone-Milan LIN and Crotone -Rome is resumed. New seasonal flights from Rome to Pantelleria and from Lampedusa to Milan/Bologna/Rome and annually from Palermo to Lampedusa. New weekly flights from Pantelleria to Milan.
The total year invoice in 2001 is 188 millions of Euro + 17,1% and 1905753 the passengers transported +11,1%. AIR ONE will add from June 1st. 2002 to Sept. 30th. 2002 a new twice weekly operated on Sa and Su from Bologna to Lampedusa with B737. Obviously the flight is available on the major CRS in sharing with Lufthansa.

AIR SICILIA will open in future new flights from Pisa to Catania /Palermo and Palermo to Verona.

ALICALABRIA is a new airline in course of constitution with the target to promote the holiday resorts of the Gulf of Policastro, the proposed operational base is in the new airport in course of built at Scalea, but the first regular operations are from Lamezia Terme, contact are in course with various tour operators and the base size aircraft is a prop in a range from 50 to 70 seats.

ALISEA founde in 1999 as ITALFLY, in 2000 has changed name in ALISEA AIRLINES and at the moment owned from various sicilian investors trained by Daniela Prestigiacomo with a share capital of 103.291 Euros in course of increasing to 2600000 Euros, plans with effect June 2nd to start the charter
activities from Palermo, Milan and Rome with one dryleased B737/400. Three are the aircraft planned to join the fleet, 3000 flying hrs was sold out at the moment but the airline wants to cooperate also with european tour operator, the under construction web site is at www.aliseairlines.it

ALPI EAGLES until the end of March has in wet lease an Italy First ATR42/300 based in Naples, and currently operate the route Naples-Palermo/Catania.

ALITALIA will receive the first B777 in August 2002, and the following four aircrafts will be delivery one in each following month. Alitalia at the moment has ordered five B777/200IGW and one is in option. At this time are unreported the past spoked B777/300 placed in option. Voices at the moment
reports that Air France is interested entry with a 14% of the share in the Alitalia stake capital, and four B777 will be ordered to cover the possible intercontinental route expansion to support Air France and the SkyTeam Alliance.
ALITALIA and MINERVA will increase from 10 weekly to 21 with Do328/100 from Bologna to Naples with effect March 31st. 2002.
Alitalia highlights in the summer season 2002:
Domestic netweork:
In the leg Milan Lin to Rome FCO are now 31 the daily rotations in the weekdays.
New daily flights from Milan Linate to Catania (from three to four daily flights)
European network:
From seven to ten weekly rotations on the route Milan Mxp to Moscow.
From seven to ten weekly rotation from Rome FCO to Sofia.
from seven to twelve weekly frequencies from Milan Mxp to Bucuresti, in total are 18 the weekly rotation operated between Italy and Romania.

ANGEL AIRLINES will ops a new weekly rotation with effect mid March on the route Rimini-Bucuresti with a J31 18Y. The route is a chartered regular service operate on behalf for Libra Viaggi.

AZZURRA AIR has decided to modify its operational structure with the addition of the new sharing codes on the routes operated for Alitalia, this new asset will start on March 31st. 2002.
The routes are:Milan Malpensa to Oporto, Bilbao, Copenaghen, Stockholm, Hamburg,Thesaloniki and Rome.
The fleet in future will be formed by five Avro's and five B737/700. Voices reports that probably the two EI-'s or the dry leased from Germania will be returned to lessor and further thre more 737-700 to be leased.
On behalf for the icelandic tour operator Heimsferoir will be operated these new seasonal charter flights:
Bologna-Keflavik from May 23rd to Sept. 12th. 2002;
Verona-Keflavik from May 28th to OCT. 1st. 2002.
From 23 February to April 6th. 2002 will operate a weekly rotation Rome FCO-Rimini-Ilha do Sal with B737/700 on behalf for I Viaggi di Atlantide tour operator.

BASIC AIRLINES operate a charter rotation from Rimini to Amsterdam with B737/800 189Y, from June 1st. to October 26th. 2002.

BLUE PANORAMA plans to receive its first B767/300ER on April 15th. 2002.
The airline is interested to inser this aircraft especially on the route from Italy to the Madagascar in sharing with Air Madagascar. Distal ITR the holding that control Blue Panorama is the GSA of Air Madagascar in Italy.

BRITISH AIRWAYS triple with effect March 31st. 2002 the route Pisa-London LGW (2X ARJ100, 1xB737) and Naples-London LGW. The route Verona-London LGW in this summer season is operated only with one daily flight.

CARTHAGO AIRLINES is a new tunisian charter carrier that intends to start charter operations from May 2002 with two B737/300 148Y. To Italy are planned charter operations from Milan and Verona to Djerba/Monastir.

CROATIA AIRLINES with effect June 30th. 2002 to Sept. 1st. 2002 operate a weekly flight from Bologna to Split and Brac Island with ATR42.

DELTA AIR LINES has agreed from 14/03/2002 to start a code sharing with Alitalia on Atlanta-Guatemala City.

EUROFLY receive the two ordered A330/200 in May and June, the jetliners are ex Air Afrique at the moment in storage in Paris. Further two A320 will be added in fleet in 2003. The 767's will be transferred to Alitalia.

EUROWINGS will resume from Lufthansa City Line the twice daily route Dussseldorf-Bologna, operated with CRJ200LR. The continue to be operated in sharing with Lufthansa and Air Dolomiti.

EVA AIR CARGO with effect April 4th. 2002 will add a thrice weekly cargo flight from Taipei to Milan Mxp with MD11F.

FREE AIRWAYS will add regular charter flights for this summer season from Zurich to Palermo/Catania with MD83.

GANDALF AIRLINES has fully completed the increase optional share capital to reduce the financial troubles. The 2001 was closed with a net losses of 54,9 billions of ITL.With effect March 31st. will drop the route Rome FCO-Parma-Bergamo.

HOLA AIRLINES is a new spanish charter carrier that intent to add charter flights to Europe (Italy enclosed) with two B737/400 with effect June 2002.
The founder is Mario Hidalgo the ex Air Europa Express general manager. In the first year plans to transport 260.000 passengers. Further rotations are garanted to UK, Germany and Switzerland.

IRANIAN AIRLINES has planned a twice monthly cargo rotation from Rimini to Mumbai with IL76.

LAUDA AIR ITALY, the holding Volante that control the italian charter airline has sold out the 40% of the shares to I Viaggi del Ventaglio Group.
In the conctract are reported some conditions for example conceirning that the tour operator has to purchase minimum 50 millions of Euro in flying hours pour years. Another condition is that the tour operator has an option to purchase the 60% of the airline until the 2006 at the price of 10 millions of Euro.

MALEV, rumours reports the coming foundation of a regional carrier called MALEV EXPRESS with two CRJ200, routes planned are from Budapest to Bologna / Venice / Timisoara/ Odessa/Kiev/Belgrade.

MALMO AVIATION with Avro RJ100 has planned charter rotations from Glasgow to Bologna/Rimini/Pisa from July to September. In the same period also from Dublin to Bologna.

MERIDIANA with effect March 20th. 2002 will add the route Palermo-Rome FCO on four daily basis. The route at the moment is the most busiest after the Milan Lin-Rome FCO. With the entrance of Meridiana is the seventh carrier that operate the route after Alitalia, Air Sicilia in partnership with Volare Group, Alpi Eagles, Air One, Panair Compagnia Aerea Mediterranea.
With effect March 31st. 2002 as planned add the route Naples-Paris CDG with MD82 on twice daily basis, one of the two flights has a direct extension to Cagliairi. A weekly seasonal Olbia-Catania. Resumed the routes Pisa to
Catania/Palermo on daily basis, Bologna-Cagliari on twice daily basis, Bologna-Olbia on daily basis. With effect June 15th. 2002 the route Bologna-Olbia is operated on twice daily basis until October 26th. 2002.
Twice weekly the route Olbia-London LGW and twice weekly the Paris CDG-Olbia.
Meridiana has transported in 2001 3,3 millions of pax, with a share in Italy of 17%. More than one million of pax has flown from and to Sicily.

MILLENIUM AIRLINES is a new proposed airline with two hubs one in Shannon and one in Florence with a fleet of two AvroRJ85 and 8 Avro RJ100.

MINERVA AIRLINES with effect March 31st. 2002 drop the routes Rimini-Milan Mxp, Perugia-Rome FCO and Trieste-Naples. The planned Trieste-Palermo did'nt commence at the moment.

NEOS presented today at Milan Mxp has a planned budget of 26 millions of Euro until October 26th. 2002 and 4200 flying hours are scheduled to be operated. 70 peoples are employed by the airline. The first revenue flight was a Milan Mxp-Cap Skirring on March 8th. 2002. The twice letter code is NO. The airline was founded after a joint venture from Ifil and Preussag.
Two B737/800 are planned in fleet for this year and a third in 2003. The second is expected in delivery in May. At the moment will op flights to Ilaha do SAL, Sharm el Sheikh, Canary Islands (TFS) and Malaga. In summer to Balear Islands, Syria, Greece, Portugal, Spain. Base in Mila Mxp and further ops are granted from Bergamo, Verona and Bologna. The airline was certified
on JAR OPS 1 before the start-up.

NORTHWEST with effect April 1st. 2002 will resume the daily flight Rome FCO-Detroit with DC10/40.

QATAR AIRWAYS with effect June 16th. 2002 will add four weekly rotations from Milan Mxp to Muscat with A320.

REGIONAL AIRLINES from June to September operate a weekly charter flight from Strasburg to Rimini.

TAP announce a new morning daily rotation from Milan Linate to Lisnon with effect April 1st. 2002. The route will be operated with A321.

THOMAS COOK AIRLINES operate with B737 a weekly charter flight from Bruxelles to Rimini from June to September.

VOLARE AIRLINES extend the two daily rotations from Milan Lin to Bari, respectively one to Tirana and one to Athens. The Athens rotation has the nightstop in Athens.

WELCOME plans to start a weekly flight from Innsbruck to Naples this summer.

AIR SICILIA will present with effect March 1st. 2002 the e-ticket on the all flights operated from the carrier. Freeairways MD83's starts to fly on March 20th. 2002. New flights are planned from Catania and Palermo to Paris CDG.

AIR VALLEE drops the routes Reggio Calabria -Bologna/Rome FCO and Rome FCO-Pescara with effect Feb. 17th. 2002.

AZZURRA AIR will base a B737/700 at Manchaster and will operate charter rotation on behalf for an UK tour operator for the entire summer season. The carrier intends to operate for Alitalia in joint venture the routes from Milan Mxp not desired from Alitalia.

BLUE PANORAMA AIRLINES will fitt with C12 sleeperette business class seat and 263 in economy its new drylease B767/300ER, the first one will be delivered on April 15th. 2002 and the second in October. 100 new job positions will be inserted in the airline staff. The two twinjets are to be
used to the Caribbean, Central & South America, Africa and Far East Asia in scheduled and charter operations

CROATIA AIRLINES will add a new seasonal scheduled route from June 30th. 2002 to Sept. 1st. from Ancona to Split, another second flight will be operated from Ancona to Brac Island.

VOLARE GROUP will replace the three B767 with three A330 during the spring 2002 for leisure operations.

AIR DOLOMITI has reached another newest important results infact in Koln on Feb. 8th. 2002 further two awards was aggigned by I.F.C.A. and I.F.S.A., and again Settimocielo is the reason because Air Dolomiti has got this further recognition. A Gold Mercury Award was given in the category On Board Service and the 'Overall Award, as most important world recognition in the all categories, for the innovation and for the application result of unheard-of services in air transport hospitality.

AIR ONE, adding the new routes from Alghero to Milan/Rome FCO and from Cagliari to Milan has agreed with the trade unions about to save the jobs of the Meridiana and Volare Airlines peoples based in Sardinia. Air One also will endorse the Alitalia, Volare, Meridiana tickets issued before the date of startup flights on the route where now the airline is the only operator and the only one that receive the government financial aids.

BLUE PANORAMA AIRLINES will drylease two B767/300ER with the first aircraft in delivery in May 2002 and the second in October.

FREE AIRWAYS will start up operations with two MD83's on March 20th. 2002.
SNTWEB at is the authorized reservation dealer.

GULF AIR drop with effect April 1st. 2002 the route Bahrain -Milan MXP.

SKYSERVICE during summer season 2002 from May to Ocotober will operate charter flights from Toronto to Milan/Rome FCO/Venice/ Trieste/Pescara/Bari/Lamezia with A330.

SWISS AIR LINES, updating the news releases showed furing the airline presentation held in Switzerland a couple of weeks ago has decided with effect May 15th. 2002 to start up regular flights from Zurich to Bologna/Turin on thrice daily basis with Embraer EMB145 and Saab2000.

AIR COLUMBIA has start on Feb. 4th. 2002 flights from Pescara to Rome FCO on thrice daily basis with Swearingen Metro III 19 seater without onboard service.
From March 1st. 2002 will be added the new route from Mo to Fr. on Pescara-Milan Mxp. A weekly flight from Pescara to Olbia on fridays and back flight on sundays.

AIR ONE has leased these aircrafts:
B737-300 - PH-HVV, Transavia c/s in fuselage plus Air One tail, dryleased
B737-800 - PH-HZI, Transavia c/s in fuselage plus Air One tail, wetleased
B737-300 - PH-HVT, Transavia c/s in fuselage plus Air One tail, dryleased
B737-800 - TC-APF, white with Air One titles only, wetleased
B737-800 - TC-APK, all white at the moment, wetleased
The /800's usually rotate between Turin and Rome FCO.
With effect March 31st. 2002 will increase the flights on Palermo-Rome FCO and Catania-Rome FCO.

AUSTRIAN AIRLINES introduce the fourth daily flight with effect March 31st. 2002 on Milan Mxp-Vienna.

VOLARE AIRLINES, the major shareholder has acquired the 49,8% previously in the hand of Swissair for 47,6 millions of Euro. Now has in her hand the 80% of the shares, Volare Group the second italian aviation group with a year invoice of 500 millions of Euro still searching new alliances, and is interested to acquire Eurofly.

AIR ONE, after the start up on the route Alghero-Milan today has signed with Italian Civil Aviation Authority the agreement to operate on the routes Alghero-Rome FCO and Cagliari-Milan. Meridiana and Alitalia employees in Sardinia now they has high riskes about possible surplus due to the routes dropping.

ALPI EAGLES allow to use the web site for online ticketing at
www.alpieagles.com.

EUROFLY, six are the purchasers interested to buy this airline, the Rusconi's family, Volare Group, Alpi Eagles, Lauda Air and two international tour operators. Eurofly has invoiced in 2000 177,3 millions of Euro and net losses for 18,5 millions of Euro. In the first half of 2001 has invoiced 86,9 millions of Euro and net losses for 3,8 millions of Euro.

GULF AIR in February and March mix the flights from Frankfurt with an additional stop in Milan Mxp.

IBERIA with effect Jan. 31st. 2002 increase from two to three daily flights on the route Barcelona-Bologna with an Air Nostrum/Iberia Regional CRJ200LR CY50.The timetable is:

BLQ-BCN daily 0650-0820 CRJ CY IB8625
daily 1145-1325 CRJ CY IB8621
daily 1825-2005 CRJ CY IB8623

BCN-BLQ daily 0905-1040 CRJ CY IB8622
daily 1555-1730 CRJ CY IB8620
daily 2035-2210 CRJ CY IB8624

RYANAIR will add the routes London STN-Milan Orio on twice daily, Rome Ciampino-London STN on thrice daily, Charleroi -Rome CIA on daily basis.
The routes will be operated with B737/800 with effect April 4th. 2002.

SRI LANKAN wants to mantain a reasonable traffic in incoming to Ceylon feedering the italian passengers that wants to fly with connceting flights via Paris, London, Zurich. Interesting connection to Maldives are available via Ceylon from Zurich.

SWISS AIR LINES will op from April 1st. 2002 to Italy only to Florence,Venice, Rome FCO, Milan and Naples. Seasonal flight only to Olbia. At the moment there no flights planned to Bologna, Genoa and Turin.

AIR COLUMBIA and not AIR COLOMBIA with effect Jan. 28th. 2002 will add the new route Pescara-Rome FCO on thrice daily basis with Swearingen Metroliner, successfully are planned new flights from Pescara to Milan.

AIR DOLOMITI with effect March 31st. 2002 will add the routes Bologna-Bari operated on daily basis with ATR42/500, Venice-Bari operated on daily basis with ATR72/500. These two flights has obviously has final destination Munich.
Passengers from Bari has also the opportunity to have connections are also available from Bologna to Bruxelles /Dusseldorf/Frankfurt.
Mr. Alcide LEALI chairman of Air Dolomiti has increased the presence as shareholder into the airline from 50,30% al 53,945%.
In 2001 was a great development year for Air Dolomiti where has carried 867648 passengers +21,5 % on the regular flights despite of the crisis.
Air Dolomiti has introduced three new CRJ200 and opened new important strategic markets as Amsterdam, Berlin, Bruxelles, Vienna, Milan Linate and Bologna.
Capacity offered measured in ASK (Available Seat Kilometres), is improved of + 24,52% despite the trobles recorded on the last third 2001 charatized by a series of extraordinary events that has forced into the ontime status of the flights.Air Dolomiti has a very levelled load factor (54.43%), with the same value scored in 2000, the highest increase of passengers in regular flights + 21,52%, has joined the interesting value of 867.648.
Total passengers enclosed regular flights, charter and wet lease are up to
922.000.

AIR EUROPE ITALY has confirmed the joint venture with Costa Cruises to operate a weekly charter flight from Verona to Pointe a Pitre thru April 20th. 2002.

ALITALIA has dropped the route Alghero-Milan, after the start-up operations by Air One, the new carrier cleared from the italian civil aviation authority to operate the route with government financial aids.

AIR ONE is expected the delivery of two B737/800 wet-leased from Transavia PH-HZI, HZG.

DAT with effect Jan. 28th. 2002 will reduce from thre to one daily flight on the route Bruxelles-Florence.

DELTA AIR LINES with effect April 1st. 2002 will add the new route in sharing with Alitalia from Milan Mxp to Atlanta.

ELECTRA CARGO was seen in an occasionally cargo flight in Pisa on Jan. 23rd.2002 with DC10/30F SX-CVC.

EUROFLY has ordered two A330 for the long haul charter flights.On Feb.10Th. 2002 will be opened the offers to purchase the carrier, after that Alitalia has advised about the intention to sold out the airline.

FINNAIR plans to double the direct flights from Helsinki to Milan and with effect Feb. 18th. 2002 will operate four weekly flights from Rome to Helsinki and five weekly with effect summer timetable.

GANDALF AIRLINES, Italian stoke exchange has approved the increase of the share capital, the airline will offer new shares with combineds warrants for the year 2002, 2003, 2004 that will be quoted in the new stoke exchange market. The airline told that new increase capital provide for an increase of 4.591.776 new shares to the nominal value of 1,45Euro offered in option to the shareholders new 4 shares each pour one oldest at a price of 5 Euro.
Combined freely a number of 4.591.776 warrants, one warrant pour each one new share.

LUFTHANSA in Emilia Romagna still continue to be one of the first must market and and one of the most important in Italy. This was declared by Carlo Romeggio, area manger of the german airline. Today, one passenger up to four travelling to foreign destinations choose Lufthansa. The total invoice in
Emilia Romagna reporta that Lufthansa has the 22,9% of the international flight coupons sold out in this region.
In Emilia Romagna after September 11th. we had an increase of 1,8% of the BSP Business, lowest but very important for the period. Lufthansa in the same period has registered a +8,5% positive increase.
From January the german airline with its partners has operated the most highest number of international flights from Bologna Guglielmo Marconi airport:
56 weekly flights to Frankfurt and Munich, plus 12 weekly to Dusseldorf and 19 weekly to Bruxelles for a total of 87 weekly flights and 730 seats offered pour day.

MEA has resumed Milan as extension of the route Beirut-Rome with effect Jan.20th. 2002.

MERIDIANA has declared that is now in crisis status and plan to drop 151 employments in Sardinia, Mr. Sebastiani CEO of the airline has to meet the trade unions next week to resolve the situation. During this time the managers has decide to lower the salaries of a 10%.

TAROM will present the new routes from Bologna in a press conference on Jan.30th. 2002.

AIR COLOMBIA with effect Jan. 28th. 2002 will add the new route Pescara-Rome FCO on thrice daily basis with Swearingen Metroliner, successfully are planned new flights from Pescara to Milan.

AIR DOLOMITI has recently presnted in a press conference the new flight Bologna-Bruxelles. Alcide Leali the airline chairman and founder has advised about the new expansion of the carrier that wants to continue to open new flights or increase the frequencies on the present route in operations to offer the best service in term of onboard service and frequent flights
available to the customers.
In next short future will provide to open the new route Bologna-Bari on daily basis to resume and extend the operations period of the seasonal Bologna-Alghero. New cared timetables will be offered on the route Bologna-Munich. In 2003 is expected to base two new airliners in Bologna, 1 CRJ200 and one ATR. The CRJ's shall be introduced in international rotation and at this time are in evaluation new routes from Bologna to Spain,Sacndinavia or to East Europe (rumours report is the Bologna-Warsaw is one
of the predicted routes).The ATR will be introduced on new domestic routes as a feeder service to the final destinations operated by Air Dolomiti in Europe or to the Lufthansa major destination served from Bologna as Dusseldorf, Frankfurt and Munich.
In 2004 is expected to base new further aircraft and the opening of a new technical operational base.
Alcide Leali says also that Air Dolomiti (owned by Lufthansa with 26% shares in the hands) in future shall continue to add new airliners but with a internal capability not more than 100 seats.
Air Dolomiti has got two Diamond Award in the past week by "Onboard services magazine" in Orlando FL the awards was assigned in the categories "onboard services" and "uniform", Air Dolomiti 4 seasons signed by Settimocielo (seventh sky) was awarded for the extraordinary fashion showed by the flight
attendants in service on the airliners. Air Dolomiti provide to change the fashions of the flight attendants at the beginning of each season in the year. In the category "onboard service" Air Dolomiti was awarded for the time to time change of the menu's during the year, again attenpting to the season where the dishes compose the menu and also for the quality of the dishes served.

AIR ONE has leased a B737/300 regs PH-HVV from Transavia to cover the expansion of the domestic timetable. Further four B737 are expected in delivery on Jan. 20th. 2002, in future will be returned to lessor part of the oldest dryleased aircrafts.
The local regional administration court in Lazio has suspended the allowance for Air One to operate the routes Alghero-Milan- Rome and Cagliari-Milan with government funds aid. The italian civil aviation authority this new event on March 7th. 2002, until this date Air One has to modify its timetable and fare structure on the three routes.

AIR SICILIA offer the route Palermo-Pantelleria at 50 Euro one way for adults and 30 Euro to the childrens under 11 yrs of age.

AIR VALLEE has at the moment only two Do328JET in fleet, at the moment is unknown the scheduled delivery of the following three airliners ordered.

ALITALIA will drop the route Milan Mxp-Los Angeles with effect March 31st. 2002.
2500 is the number of the job surplus into the italian carrier that the chairman Mr. Mengozzi and the president Mr. Cereti has advised to the unions.

GANDALF AIRLINES has planned to introduce in February 2002 the F50 in its timetable from Brescia to Rome FCO and Rome FCO to Trapani-Pantelleria.
The italian leasing has agreed with Gandalf to postpone the expiring of the contracts from 10 to 15 years for 5 aircrafts.
The companies has also agreed to postpone the payments of the monthly leasing payments for the same airliners regarding the period Oct. 1st 2001-Dec. 31st. 2002 for an amount of 18,5 billions of ITL those shall be payed with effect Jan. 1st. 2003 for a period from 8 to 13 years in relation of the expiring date of the contract.
Gandalf has terminated with an austrian leasing company that own 4 airliners, an agreement where the capital quote of the leasing contracts planned to pay from Sept. 1st. 2001 to Dec. 31st. 2002 for a value of 7 billion of ITL shall be payed with effect Jan. 1st. 2003 in a period of 8 eight years even to the residual contract period.
The financial benefits in term of balance money unrequested for these two operations amount to 25,5 billions of ITL.
These agreements also are submitted to various conditions:
The austrian company has conditioned the validity of the agreement principally to the subscription of an increase of the share capital in option for a value not lowest to 15 millions of Euro, and to reach economical and financial results in line with the company development. The agreement provide to pay 1,6 billion of ITL before of Jan. 31st. 2002.
An italian leasing company has conditioned the validity of the agreement (with a subject of various regular payments for 3,5 billions of ITL) to the total fully integral increasing company capital before of July 31st. 2002,about the Optional increasing capital.
An italian banks pool and leasing companies, that has financed four airliners wants that the airline agreed the validity of the agreement with the different banks.
Gandalf has signed with Dornier an agreement to resolve the orders for three airliners where in the first half of 2000 has transformed the options in signed orders and has contracted the debts expired (7,2 millions of USD)
This loatest agreements is subjected to these following conditions:
The increasing capital in option to be suscribed and payed for not less of 15 millions of Euro before of March 31st. 2002, the payment befor Jan. 31st.2002 of about 2 billions of ITL as a partial payment of the debts exprired.
The board has to deliberate, before May 31st. 2002 the issuing under the market conditions of warrants convertibles for 2 millions of USD even to an increase capital for the same value to the manufacturer.
In case these conditions could be impossible to respect, the agreement shall be ceased and the airline has the real not possibility to continue its normal company activity.
The credit institutes has at Nov. 30th 2001 credits for 10,8 million of Euro, they ahs agreed to the pan to restructure the debts proporsed by the airline with a validity of the well closure of the capital increase in option.
This plan provide:
Modify of the 30% of the debts in the credit lines to banks financings to be returned in thre costant annual instalments.
Will be mantained the confidences for the 70% of the finacial exposures for a period of 18 months, to be renewed from the banks about the suretyships at the moment in effect.
At the moment are unforecastables the financial results at Dec. 31st. 2001, there are no elements that forecast a different situation after the increasing positive results scored in the third quarter, probably a positive results should be scored in the latest quarter of the past year.
The financial result in 2001 probably should be negatives and with the same losses of the past year.
The net financial position of the airline at Nov. 30th. 2001 was negative for 17,9 billions of ITL with a positive result of 2,6 billion of ITL despite of the financial situation on Sept. 30th.2001
This is the effect of the money injection of variosu shareholders after the subscription of the 15,9% of the offer in option authorized by the board of investors on Nov. 23rd. 2001.

MERIDIANA has planned to resume the cutted flights with effect Jan. 1st.2002 with effect March 31st. 2002.
Route resumed will be Pisa-Catania (daily,MD82),Pisa-Palermo (daily,MD82), Bologna-Cagliari (twice daily, MD82).
Has launched also the new fare from Jan. 21st to March 24th. 2002 called"Love affairs" for the residents in Sicily, Campania and Sardinia to fly with discounted fare, round trip, one way, bookinables until three hours from the departure of the flight with a discount until the 75%. The ticket is issued only with an identity document showed that grant that the traveller live in these three regions.

RYANAIR, rumours reports that in future the airline is interesed to open the route Forli'-Hahn.

VOLARE AIRLINES has received its second A321 regs I-PEKN.

AIR DOLOMITI has started the recruitment of further 60 flight attendants not certified to cover the expansions planned on the timetable in future.

AIR ITALICA has choose ITALY FIRST as the carrier that will supply the airliners to start up in April of the planned daily routes from Pescara to Rome/Milan and successfully is interested to open flights from Pescara to Sarajevo, Beograd, Timisoara. Three airliners to be leased in the range of ATR42/72.

AIR MOLDOVA has agreed with Lufthansa for a daily connection in Frankfurt to the all passengers with starting departure Bologna, Venice, Milan and special agreements with Alpi Eagles, Air One , Meridiana for a feedering service throughout Rome FCO to Chisinau. Air Moldova has planned an increase from three to four weekly flights from Rome FCO to Chisinau with effect April 2002 with EMB145RJ.

AIR ONE has launched the new promotional fares called WEURO starting from 50 until 70 Euro one way, saleables until 5 days before the departure and without refunds and date changeables.These fares are available until March 24th. 2002.

CORSAIR has elected Distal ITR Group as new GSA in Italy. Corsair is still in operations with weekly flights from Paris ORY to Rome/Venice.

GANDALF AIRLINES with effect January 28th. 2001 has agree with the local handling agent of Brescia Montichiari to start up a new thrice daily flights from Brescia to Rome Fiumicino on thrice daily basis with Dornier 328. The route was recently dropped by Alpi Eagles after a short operation of only
six months.
During February is planned the replacement of the Dornier with a 50 seater leased turboprop.

MALAYSIA AIRLINES with surprise will restart the flights between Kuala Lampur and Rome with effect February 28th. 2002 thrice weekly with B777 and followimg with B747/400.

NEOS on Feb.28th. 2002 its receive the first B737/800 from Boeing, this airliner in 184Y will be introduced on March 11th. 2002 on the route Milan Mxp-Ilha do Sal, the second airliner will be introduced during the summer with the new introduction of 12 seats in business class.

TACV is extremely worried by the overcapacity on the routes from Italy to Cape Verde Islands, the airline says that is present a considerable market because Italy is the first referement market, but the considerable number of charter flights operated by Italian carriers probably disturb the start up of a regular weekly flight from Italy to Cape Verde. TACV hopes to start
soon a regular flight from Milan Mxp to Ilha do Sal. This new flight is expected during this year.

VOLARE GROUP intend to establish the fleet composed only by Airbus Industrie manufactured airliners, soon duting the 2002 the three B767 and two B777 will be returned to lessor and replaced by five A330.

AIR VALLEE with effect Jan. 7th. 2002 add the new route Crotone-Rome FCO and Rome FCO-Pescara operated on daily basis with Do328JET.
Resume in the same date the route Aosta-Rome FCO and has dropped this time to resume the route Aosta-Paris CDG.
The shares of the airline is at the moment at:
Ergom Group 51,69 %, INTES 29,95 %, Regione Valle d'Aosta 11,66 %, other enterprises 6,70 %.
New jobs are offered to need technicians certified on Do328 for the operational base in Turin (1 people) and 2 peoples in Bologna.
The third aircraft was delivered in the past days.

ALITALIA and MINERVA has suspenmded one of the two daily flights from Rimini to Milan Mxp.

EUROFLY currently has in fleet one MD83 EI-CMZ now in fulll Alitalia c/s and Eurofly red titles, previously painted in Teorema c/s.

AIR MALTA has temporary resumed the route Palermo-Malta on twice weekly basis until March 29th. 2002.

AIR ONE with effect Jan. 21th. 2001 start to fly from Alghero to Milan/Rome FCO and Cagliari to Milan with the aids of the government financial support program for the ethnic travellers.

AIR VALLEE suspend with effect Jan. 7th. 2002 the routes
Bologna-Turin/Lamezia Terme and reduce from daily to five weekly the route Bologna-Reggio Calabria.
With effect Jan.7th. 2002 add the new five weekly route Rome-Reggio Calabria from Monday to Fryday and will be resumed the flying operations to Aosta,and consequently the flights Aosta-Rome.

CSA with effect March 31st. 2002 will start a new daily flight from Prague to Venice operate on Mo,Th,Fr,Su with ATR72 and on Tu,We,Sa with ATR42. The route is in sharing with Alitalia.

GO-FLY offer special fares from Milan Lin, Venice, Bologna to London STN at 30 Euro round trip airport taxes enclosed, from Rome CIA and Naples to London STN at 40 Euro airport taxes enclosed. This new interesting promotional campaign is valid if booked from Jan. 8th to Jan. 23th. 2002 and valid to fly from Jan. 12th. to March 25th. 2002.
Supplement of 7,5 is applied if the bookings will be by Internet.
Cocktail Holidays tour operator has organized inclusive tour packages from 144 Euro, round trip ticket, two nights and insurance.
With effect April 11th. 2002 increase from one to two daily flights on the route Naples-London STN.
With effect May 3rd. 2002 increase from one to two daily flights on the route Bologna-London STN with B737/300.
With effect March 31st. 2002 reduce from two to one daily flights from Milan LIN to London STN.

MERIDIANA in the 2001 has carried 3,3 million of pax, despite of the traffic lose in the third quarter where in 2000 has carried 1,1 million and in the 2001 only 0,9 million.

VOLARE AIRLINES banned now to fly on the routes Cagliari-Milan/Rome has protested and placed opposition to the administrative regional court