Italy's second-largest airline, the privately held Meridiana, has unveiled a new livery as it rebrands to Air Italy.

The rebranding is part of a broader effort by the airline to expand while larger competitor Alitalia goes through insolvency proceedings. The expansion will be supported by Qatar Airways, which acquired 49% of Meridiana last year. The airline's majority owner is Italy-based AQA Holdings.

The carrier plans to launch its first year-round U.S. service in June with flights between Milan's Malpensa Airport and both Miami and New York Kennedy.

Air Italy said it will also beef up its short-haul network. The carrier plans to grow its fleet from 13 aircraft today to approximately 50 by 2022.

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