Story is that CV management regard the current fuel crisis as a golden opportunity to watch the weaker competition disappear or become vulnerable to buy out.
The Cargoitalia deal means that CV can lease 2 of their a/c out to a wholly owned subsiduary. It gives the accountants some more means of creatively playing with the financials. There has been some involvement between Cargoitalia and another CV subsiduary company in the past couple of years as well, so there was already a "line of communication" in place.