Air Italy is a subsidiary of what privately owned Italian airline?
Air Italy:  It is a fully integrated subsidiary of Meridiana and operates domestic and international services using the Meridiana brand. Meridiana: Meridiana S.p.A., operating as Meridiana (formerly named as "Alisarda S.p.A" and "Meridiana fly S.p.A"), is a privately owned Italian airline headquartered in Olbia with its main base at Olbia Costa Smeralda Airport.
Meridiana