Blue Panorama Airlines (BV, Rome Fiumicino) has filed for bankruptcy protection to be able to restructure its business while continuing normal operations under administration. Since 2008 Italian companies are able to file for bankruptcy protection following a similar legal process to companies filing for Chapter 11 in the United States. Blue Panorama currently operates short-haul scheduled and charter services under the brand of its division Blu Express (Rome Fiumicino) with two B737-300s and four B737-400s as well as leisure oriented long-haul services with a fleet of four B767-300ERs.