Italian civil aviation authority ENAC has downgraded Blue Panorama (BV) to a provisional license and given it 12 months to restructure under a form of bankruptcy protection. BV is a privately owned scheduled and charter airline, which launched operations in 1998 and carried 2 million passengers in 2011. It has bases at Rome Fiumicino, Milan Malpensa and Bologna and operates four Boeing 767-300ERs and six Boeing 737s (-300s and -400s). Some of the 737s operate for low-cost arm ...

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