Air Italy will end operations and liquidate, becoming the latest airline to fail

Air Italy

• Milan-based Air Italy will cease operations and liquidate, the airline announced on Tuesday.
• Air Italy began flights in 2018, with a 49% ownership stake by Doha-based Qatar Airways.
• Flights will end after February 25, 2020. Passengers booked after that can request a refund.
• This is a developing story. Check back for updates.
• Visit Business Insider's homepage for more stories.

Less than two years after launching its first flight, Italian airline Air Italy announced on Tuesday that it would liquidate.

The airline said it would continue to operate flights through February 25. Anyone with flights after that will receive a refund after requesting one from the airline. Passengers scheduled to travel before February 25 can also request a refund instead of traveling.

Air Italy is the latest airline to collapse, following 2019's bankruptcies of Iceland-based Wow Air, British travel company Thomas Cook, Indian airline Jet Airways, and French budget carrier XL Airways.

This is a developing story. Check back for updates.

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