IMHO, bring 1 fighter to SZ 112 from W. Germany or Norway so it can land in S. Italy. Bring the fighter in Hungary to Yugoslavia and it can land in S. Italy. With the Italian fighter there already, that makes 3 defending fighters (at 4 or less) for cover air patrol (scramble I suppose you want me to call it, dumb name, I feel, but whatever) and all the rest can pound the snot out of the British navy.
Perhaps the Tactical in W. Poland could go to Yugoslavia and then to S. Italy, freeing up a fighter to attack something other than SZ 112 (or maybe send the Tactical to SZ 112 as well, makes it safer).
I, personally, use absolutely no aircraft attacking France. Then again, I do not attack Normandy. Let the British have the fighter, it cannot scramble from Normandy, and it cannot hurt the German fleet anyway, so it’s essentially a non-issue for a few rounds. Perhaps if it goes to Gibraltar it could become an issue, assuming you do not invade Gibraltar with the Germans on Round 2. /shrug. Fimatleven. (Film at 11:00pm, you know, the nightly newscast.)
In any event, I believe I would still take S. France for Germany on Round 2. I am quasi-leaning away from this, since one cannot build in the sea next to S. France and have the Italians there to defend with their builds - which is a STRONG endorsement for building a minor IC in Yugoslavia, but even if I do build one in Yugoslavia, I think Germany needs the cash more than Italy. Lately, I have been giving everything in Europe to Germany and letting Italy fend for itself.