Eurofly
The medium-haul activity was centered mainly on operations to Egypt and the Red Sea Riviera, Spain and Greece.The long haul included some of Italians’ preferred tropical destinations like the Maldives and Sri Lanka or Africa.It was set up with a 45% shareholding by Alitalia in response to the needs of the flag carrier to develop the leisure travel market.[2] In 2003, Alitalia sold an 80% stake in the airline for $10.8m to Luxembourg based private equity fund Spinnaker, controlled by Italian bank Banco Profilo.[3] In January 2004, Eurofly was acquired wholly by the Spinnker fund, managed by Sandro Capotosti (CEO and Founder of Banca Prolilo) and Paolo G. Alberoni.