Six former executives of Volare Airlines have been arrested and accused of diverting funds to set up a new carrier, Reuters reported. "The diversion of funds was aimed at creating the necessary capital for the new airline, which not by coincidence used people, means and structures from the Volare Group," financial police investigating the demise of the Italian carrier said in a statement. The statement did not name the new airline. Burdened by heavy losses and debt and amid speculation of ...

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