Cargoitalia operates first flight

First flight from Milan Malpensa to Hong Kong
 

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. For the first flight the company achieved average 87% load factors both ways.

 

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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