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            september 18, 2019

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Cargoitalia operates first flight


Cargoitalia - Italy's new all-cargo carrier - has successfully performed its first commercial flight since its re-formation under new management and ownership. The flight took place just three days after the airline
received its AOC.
The flight left Milan Malpensa on time on Saturday July 25th, bound for Hong Kong, carrying cargo on behalf of three major Italian forwarders. It returned to Milan with a technical stop at Almaty (Kazakhstan) on
Monday July 27th.
Hong Kong has been chosen as the airline's second route, and will be operated from September using its second MD11SF aircraft, due for delivery within the next few weeks.
Says Commercial Director Roberto Gilardoni: "Operationally, the flight went perfectly. Commercially, we achieved average 87% load factors both ways which is very gratifying, and an indication of the market's demand,
enthusiasm and loyalty for an Italian-owned and operated service."
He continues: "To have operated our first flight so quickly and so successfully after a total re-launch is a major achievement given the enormous amount of preparations required, and is thanks to the hard work
and determination of our own staff, our contractors, our business partners and the authorities. We could not have asked for better support."
The new Cargoitalia is the result of amalgamating the original Cargoitalia (which suspended operations in 2008) with the recently-purchased Alitalia full cargo business. Cargoitalia's new owners are ALIS (Aerolinee Italiane S.p.A.  - 66.7%) and Intesa SanPaolo (33.3%). ALIS in turn is owned by the family of Chairman and CEO Alcide
Leali (62%), other private investors (8%),  and Ricerca S.p.A. (Benetton), Selin S.p.A. (van den Heuvel) and Banca Intermobiliare, each having 10% stakes.

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