The Italian government is seeking a buyer for Blue Panorama by the end of the summer season at the latest. The airline entered bankruptcy protection for the second time in less than two years in March 2014. It was placed in an insolvency procedure known as Amministrazione Straordinaria, which is similar to the US Chapter 11 bankruptcy proceedings, by which a company is given a chance to reorganize in the hope of being able to carry on business. The Italian government has taken control of ...

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