Published: Tue, October 17, 2017
Money | By Armando Alvarado

Lufthansa, easyJet Submit Bids for Alitalia

Lufthansa, easyJet Submit Bids for Alitalia

A market report says this Monday that Alitalia, in critical situation, pretends also to conclude some routes both of short and medium distances.

The Italian daily Corriere della Sera reported earlier Monday that Lufthansa was preparing a $590 million bid for large parts of Alitalia, including the fleet, pilots, air crew and air slots.

The country's flag carrier said the commissioners managing its extraordinary administration had received seven envelopes and will evaluate the bids.

The Lufthansa Group said it was after "only parts" of the global traffic network as well as European and domestic point-to-point business of the national carrier, which it would use to establish a "NewAlitalia". The budget airline said there was no certainty that any transaction would proceed.

Lufthansa agreed a €210 million deal for parts of airberlin last week, with easyJet also in talks to buy parts of the failed carrier.

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The Italian government has postponed the deadline for making a decision on the sale from November 4 to April 2018.

Italy's cabinet said in a statement it had passed an emergency decree to add a further 300 million euros ($354.36 million) to the loan of 600 million euros it made to the ailing company in May.

However, Lufthansa's demand for a 50% cut in Alitalia's workforce is seen as "too brutal" by the Italian government.

The low-priced airline Ryanair withdrew an offer at the end of September with the same objective.

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