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dazzrie
Aelle tubing - as I suspected - indicates that it is indeed an entry-level model. I don't think it's a leader since they were usually made from higher quality tubesets + as I mentioned before, afaik leaders have the round cut-out at the edge of the headtube lugs.
If you want to find out the model, google: "olmo aelle" and see if you can find info on what models used this tubeset. This olmo gran prix comes pretty close, although the decals indicate that it is older than yours: http://www.mytenspeeds.com/My_TenSpeeds_1/Bicycles_Table/Italian_Bicycles/Olmo_Bicycles/Olmo_GrandPrix_Orange/OlmoOrange_FullSide.jpg