Italian budget carrier Airvia Italia is looking to commence services later this
year as European entrepreneurs seek to capitalise on growth in the low-fare
Italia is planning to establish a base in Rome from which it will operate
domestic services, initially with a fleet of two aircraft but with a plan to expand
to eight by 2004.
of intended destinations have yet to be disclosed, and the airline says it is
still deciding which aircraft to operate out of the Boeing MD-82, British
Aerospace 146 or Boeing 737.
says it is seeking outside investment amounting to €11.5 million ($10 million).
It forecasts that operations over the 2002/3 period will bring in revenues of
€43 million, rising to €78 million the following year and €115 million by
it expects to make a €1.3 million loss in the first year, Airvia claims that it
will turn in a profit during its second year and generate profits of nearly €14
million in its third.
has not publicly identified any sources of funding but names the airline
project’s management team as comprising head of operations Peter Foster,
business development manager Roberto Boscia and marketing manager Annette
has recently become a scene of intense activity within the budget airline
sector. Development of a domestic network from Rome was a strategy adopted by
start-up carrier and British Airways franchise partner National Jet Italia
flew Boeing 737-400s and British Aerospace 146-300s on routes from Rome
Fiumicino before ceasing operations in November last year. British World
Airlines (BWA), which had ties with NJI, had also looked at starting up a
Sicilian low-fare operation before its own collapse in December 2001.
airline Ciao Fly is looking to operate domestic and international flights from
Parma and Rimini from June, operating to secondary airports outside of European