Italian carrier Air One has agreed the sale of its operation to the investor group Compagnia Aerea Italiana (CAI), the company purchasing the assets of Alitalia.
CAI's relaunch plan for Alitalia had included the integration of Rome-based Air One.
A spokesman for Air One confirms that its chief Carlo Toto has agreed the sale of the airline to the CAI consortium, as part of the Alitalia restructuring plan.
His affiliated firm, Toto Costruzioni Generali, is one of the investors in CAI.
Documents filed with the US Department of Transportation last month showed that Toto Costruzioni Generali was contributing €60 million ($80 million) to the CAI consortium, and indicated that Air One would operate as a subsidiary.
Toto has previously expressed strong support for restructuring Alitalia through the inclusion of Air One in its operations, citing the synergy benefits of the integration.
Air One operates a mix of Airbus A330s and A320s, plus Boeing 737s and Bombardier CRJs.