Air Europe Italy was originally part of the Airlines of Europe Group owned by the UK based Intasun/International Leisure Group.  It consisted of Air Europe (UK), Air Europa (Spain) and Air Europe (Italy) and all three shared the original Air Europe UK c/scheme.  The International Leisure Group spectacularly went bust in Mar-91 and both the Spanish and Italian companies became locally owned.  Air Europe Italy was bought by the Volare Group SpA and operated until they failed in Dec-04 when the Italian Government sold the company to the Alitalia Group.  However, Alitalia had their own financial problems and Air Europe was finally closed down in Dec-08.
I-PEKG was delivered new to Air Europe Italy in Dec-99 and operated until the Volare Group failed in Dec-04.  It was impounded at Venice and eventually repossessed by the lessor.  It's currently in service (Mar-13) with InterJet in Mexico as XA-IJT.
Ken Fielding
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