Innsbruck-based regional carrier Air Alps, which ceased operations in January 2012, will be liquidated after it failed to attract new business and could not find a new investor. Its plan to team up with Russian investors was unsuccessful. The small carrier operated its last scheduled flights in November 2012 between Bolzano, Italy and Rome Fiumicino. The carrier went through insolvency in 2001 and continued to experience financial difficulties in 2005 and 2006. Innsbruck-based Welcome ...

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