Eurofly was a privately owned

airline An airline is a company that provides civil aviation, air transport services for traveling passengers or freight (cargo). Airlines use aircraft to supply these services and may form partnerships or Airline alliance, alliances with other airlines ...

based in

Milan Milan ( , , ; ) is a city in northern Italy, regional capital of Lombardy, the largest city in Italy by urban area and the List of cities in Italy, second-most-populous city proper in Italy after Rome. The city proper has a population of nea ...

Italy Italy, officially the Italian Republic, is a country in Southern Europe, Southern and Western Europe, Western Europe. It consists of Italian Peninsula, a peninsula that extends into the Mediterranean Sea, with the Alps on its northern land b ...

. Listed on MTA Stock Exchange and controlled by

Meridiana Meridiana Fly S.p.A., operating as Meridiana (formerly named ''Meridiana S.p.A.''), was a privately owned Italy, Italian airline headquartered in Olbia with its main base at Olbia Costa Smeralda Airport. It operated scheduled and charter flight ...

, it was Italy's leading carrier in the leisure flights market and mainly operated international, medium to long haul, point-to-point flights. The medium-haul activity was centered mainly on operations to Egypt and the

Red Sea The Red Sea is a sea inlet of the Indian Ocean, lying between Africa and Asia. Its connection to the ocean is in the south, through the Bab-el-Mandeb Strait and the Gulf of Aden. To its north lie the Sinai Peninsula, the Gulf of Aqaba, and th ...

Riviera,

Spain Spain, or the Kingdom of Spain, is a country in Southern Europe, Southern and Western Europe with territories in North Africa. Featuring the Punta de Tarifa, southernmost point of continental Europe, it is the largest country in Southern Eur ...

and

Greece Greece, officially the Hellenic Republic, is a country in Southeast Europe. Located on the southern tip of the Balkan peninsula, it shares land borders with Albania to the northwest, North Macedonia and Bulgaria to the north, and Turkey to th ...

. The long haul included some of Italians’ preferred tropical destinations like the

Maldives The Maldives, officially the Republic of Maldives, and historically known as the Maldive Islands, is an Archipelagic state, archipelagic country in South Asia located in the Indian Ocean. The Maldives is southwest of Sri Lanka and India, abou ...

and

Sri Lanka Sri Lanka, officially the Democratic Socialist Republic of Sri Lanka, also known historically as Ceylon, is an island country in South Asia. It lies in the Indian Ocean, southwest of the Bay of Bengal, separated from the Indian subcontinent, ...

Africa Africa is the world's second-largest and second-most populous continent after Asia. At about 30.3 million km2 (11.7 million square miles) including adjacent islands, it covers 20% of Earth's land area and 6% of its total surfac ...

. Furthermore, during the summer season, Eurofly operated non-stop scheduled flights to

New York City New York, often called New York City (NYC), is the most populous city in the United States, located at the southern tip of New York State on one of the world's largest natural harbors. The city comprises five boroughs, each coextensive w ...

, exploiting the reverse seasonality of if compared to tropical destinations and focusing on incoming traffic to Italy. The company slogan was ''The Italian iray of life.'' In 2010, the airline merged with Meridiana to form

Meridiana Fly Meridiana Fly S.p.A., operating as Meridiana (formerly named ''Meridiana S.p.A.''), was a privately owned Italian airline headquartered in Olbia with its main base at Olbia Costa Smeralda Airport. It operated scheduled and charter flights to do ...

History

The airline was established on 26 May 1989 with the aim of selling medium-haul flights to tour operators. Eurofly started its operations on 26 February 1990. It was set up with a 45% shareholding by

Alitalia Alitalia - Società Aerea Italiana S.p.A., operating as Alitalia (), was an Italian airline which was once the flag carrier and largest airline of Italy. The company had its head office in Fiumicino, in the Metropolitan City of Rome Capital. ...

in response to the needs of the flag carrier to develop the leisure travel market. The original shareholding was divided between

(45%),

Olivetti Olivetti S.p.A. is an Italian manufacturer of computers, tablets, smartphones, printers and other such business products as calculators and fax machines. Headquartered in Ivrea, in the Metropolitan City of Turin, the company has been owned b ...

(45%) and San Paolo Finance (10%). In 2003, Alitalia sold an 80% stake in the airline for $10.8m to Luxembourg based private equity fund Spinnaker, controlled by Italian bank Banco Profilo. In January 2004, Eurofly was acquired wholly by the Spinnker fund, managed by Sandro Capotosti (CEO and Founder of Banca Prolilo) and

Paolo G. Alberoni Paolo is a masculine given name, the Italian form of the name Paul. It may refer to: People Art * Paolo Abbate (1884–1973), Italian-American sculptor * Paolo Alboni (1671–1734), Italian painter * Paolo Antonio Barbieri (1603–1649), Ital ...

. The fund listed Eurofly on the Milan Stock Exchange in December 2005. At the end of 2006, Spinnaker sold the residual 29.95% stake in Eurofly to Meridiana and Mr Giovanni Rossi (CEO of Meridiana) took over as CEO of Eurofly. In January 2008, two capital increases took place and Meridiana participation in Eurofly's capital grew to 46.1%. On 28 February 2010,

and Eurofly merged to create Italy's second-biggest airline,

Meridiana fly Meridiana Fly S.p.A., operating as Meridiana (formerly named ''Meridiana S.p.A.''), was a privately owned Italian airline headquartered in Olbia with its main base at Olbia Costa Smeralda Airport. It operated scheduled and charter flights to do ...

Destinations

Before eurofly was acquired by Meridiana, the airline had 2 codeshare agreements with

Air One Air One S.p.A. was an Italian low-cost airline which operated as Air One "Smart Carrier". It operated as Alitalia's low-cost subsidiary with operating bases located in Catania, Palermo, Pisa, Venice and Verona; while Tirana was a focus city. "Ai ...

and

British Airways British Airways plc (BA) is the flag carrier of the United Kingdom. It is headquartered in London, England, near its main Airline hub, hub at Heathrow Airport. The airline is the second largest UK-based carrier, based on fleet size and pass ...

Fleet

The Eurofly fleet consisted of the following aircraft (as of February 2010).

History

Destinations

Fleet

See also

References

External links