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. Air Italy was effectively a rebranding of legacy Italian regional carrier Meridiana, which was itself the product of mergers with several other small Italian carriers.