Alitalia in €38 Million Acquisition

April 13, 2006

Cleary Gottlieb is representing Alitalia S.p.A. before the Italian Antitrust Authority (IAA) in a €38 million acquisition of the Italian low-cost carrier Volare, which is currently in receivership.

Alitalia is an Italian listed company controlled by the Italian state that conducts passenger and cargo airline transport services in Italy and abroad. Volare operates a limited number of routes mainly within the Italian territory.