Rescue for Club Air?

A tourism company is planning to buy Verona-based Avro RJ operator Club Air. The airline has been grounded since 28 May, when the Italian civil aviation authority, ENAC, declined to extend its temporary license. Its two Avro RJs, RJ85 I-CLBA (msn E2300) and RJ70 I-FASI (msn E2160), have been parked at Verona. A bankruptcy proceeding was begun by some of the airline’s creditors. Now Gruppo Soglia, owner of a chain of hotels and resorts, has offered to buy the company. Gerardo Soglia, the Group’s president, indicated he planned to transfer the two Avro RJs to Salerno-Costa d’Amalfi airport to operate in support of the Group’s hotels. The Group is currently undertaking its due diligence investigation of Club Air’s books. The bankruptcy court has given it until 15 October to reach an agreement with the airline’s creditors.

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