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Olbia Costa Smeralda Airport. (Redirected from Olbia - Costa Smeralda Airport) Olbia Costa Smeralda Airport (Italian: Aeroporto di Olbia-Costa Smeralda) (IATA: OLB, ICAO: LIEO) is an airport in Olbia, Sardinia. It is the primary operating base for Italian airline Meridiana whose headquarters are located at the airport.