Air Italy: Shareholders liquidate regional carrier Air Italy

MILAN (AP) - Regional carrier Air Italy said Tuesday it will cease operations and liquidate after shareholders decided against further investments to keep it afloat. The move came after the airline, formerly called Meridiana, was relaunched two years ago with a 51%-stake controlled by Alisarda, the Aga Khan's Sardinia-based holding company, and 49% by Qatar [...]