MILAN (Thomson Financial) - Italy's economic development ministry has put low cost airline Volare up for sale again, meeting a recent state council court demand, said Alitalia SpA, which bought Volare in a previous auction.
Two days ago the ministry wrote to companies interested in buying Volare, thus re-launching the sale procedure, Alitalia said in its annual report.
The ministry-appointed extraordinary commissioner for Volare previously put the carrier up for auction. However, Italy's Air One airline challenged the way the auction was conducted and Alitalia's win. nigel.tutt@thomsonreuters.com nt/lam COPYRIGHT Copyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.