Meridiana and Eurofly have emerged as a combined carrier, Meridiana Fly, following their decision last year to merge operations.
The carrier will operate from five main base airports - Milan Malpensa, Florence, Verona, Cagliari and Olbia - on a network of seven intercontinental, 48 regional and 32 domestic destinations.
Meridiana Fly has a fleet of 35 aircraft comprising three Airbus A330s, 13 A320-family jets, 17 Boeing MD-80s and two ATR 42s.
"When the summer flight schedule commences the network of connections will expand even further with the addition of a number of new destinations," says the carrier.
Meridiana Fly has been created in order to "streamline" costs and increase the flexibility of its operations.
Its holding company, Meridiana, will have 78.91% of the airline, and just over 50% of its overhaul firm Meridiana Maintenance. The carrier will also have a 9.87% share of the maintenance division.
Meridiana Fly will have tour operator Wokita and general sales agent Same Italy as wholly-owned subsidiaries.