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 Eurofly is a privately owned airline based in Milan, Italy listed on MTA Stock Exchange and controlled by Meridiana. It is Italy’s leading carrier in leisure flights market and mainly operates international, medium to long haul, point-to-point flights. Medium haul activity is centered mainly on operations to Egypt and the Red Sea Riviera, Spain and Greece. Long haul include some of Italians’ preferred tropical destinations like the Maldives and Sri Lanka or Africa. Furthermore, during the summer season, Eurofly operates non-stop scheduled flights to New York City, exploiting the reverse seasonality of if compared to tropical destinations and focusing on incoming traffic to Italy.
[edit] HistoryThe 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 in response to the needs of the flag carrier to develop the leisure travel market. The original shareholding was divided between Alitalia (45%), Olivetti (45%) and San Paolo Finance (10%). There have been several changes of ownership since. [1] As of 2008, Eurofly is partly owned by Meridiana. [2] Long-haul operations started in 1998 and in 2000, Alitalia acquired full control. In 2003, the company was privatized with 80% being sold to the Banca Profilo Spinnaker fund which acquired the remaining shares in July 2004. In the same year, Eurofly set-up an operations base in Sharm el Sheikh with two Airbus A320-200 aircraft operating flights to several regional airports in Italy.[citation needed]. At the end of 2006, Spinnaker sold a 29,95% stake in Eurofly capital to Meridiana. Mr Giovanni Rossi (CEO of Meridiana) became CEO of Eurofly. In January 2008, two capital increases took place and Meridiana participation in Eurofly's capital grew to 46.1% [edit] DestinationsMain article: Meridiana destinations [edit] FleetThe Eurofly fleet consists of the following aircraft (as of 4 July 2009) [1]: As of 4 July 2009, the average age of the Eurofly fleet is 6.8 years ([2]). [edit] External links
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