Meridiana fly (Olbia) is set to withdraw from the Italian financial markets at the beginning of May after the struggling Italian airline's plan to buy back all of the publicly traded shares has been approved by both CONSOB, the Italian regulatory authority and Borsa Italiana, the Italian stock market firm. According to market reports, Meridiana has issued a Suspension of Trading notice to run from April 15 until May 10. New CEO, Roberto Scaramella, had previously expressed his commitment to rehabilitating the company, with hopes for a turn around pinned on a successful Summer season. Meridiana (Olbia) will again be used as the main brand of the carrier group with Meridiana fly (Olbia) and Air Italy (2005) (Milan Malpensa) operating on Meridiana's behalf going forward.