Air Europe is part of the Qualiflyergroup. They operate scheduled flights from Milano Malpensa and Linate within Italy with some Airbus A320. But I've heard rumors that they will stop this flights and concentrate on charter flights. Volare would then take over the inland market.
Destinations longhaul? I don't know but I think to Mauritius, Kuba, Dom. republic,...the usual holiday destinations out of Europe. I also heard that they'll start a flight with 763 from Nice to Pointe-a-Pitre/Guadeloupe.