Air Italy is reportedly to be merged into Meridiana Fly from 15-Feb-2013, according to reports by Avio Italia, AGI, and TTG Italia. As previously reported by CAPA, both airlines’ Air Operator’s Certificates (AOC) were revoked by the Italian Civil Aviation Authority (ENAC) and issued temporary AOCs which will expire in 12 months. The AOC change is due to the airlines’ financial difficulties. Meridiana Fly CEO Giuseppe Gentile is reportedly to be replaced by Roberto Scaramella following a proposal by Meridiana Fly founder and minority shareholder Aga Khan. The existing Meridiana Fly investors will acquire the 38.71% stake in Meridiana Fly and Air Italy currently owned by Air Italy Holding.
Air Italy to be merged into Meridiana Fly from 15-Feb-2013: reports
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Inevitably, challenges remain. IAG must implement its new labour agreements with Iberia pilots and cabin crew and conclude negotiations with Iberia ground staff. It must manage BA's long-haul expansion and switch to higher gauge aircraft, while retaining control of its costs. Regarding Vueling, the key will be to allow it to keep its independence and low-cost culture, while allowing it to pursue its rapid growth.
The signs are growing that IAG can meet these challenges.