Lufthansa bids for Alitalia as European deals take off

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Lufthansa bids for Alitalia as European deals take off Empty Lufthansa bids for Alitalia as European deals take off

Post  Admin on Mon Oct 16, 2017 4:26 pm

ROME (Reuters) - German airline Lufthansa (LHAG.DE) has submitted an offer for parts of Alitalia [CAITLA.UL] and a plan to reshape Italy’s ailing national carrier just days after agreeing to buy some of Air Berlin’s assets.

Lufthansa’s offer is not for the whole Italian airline, but only for parts of its network, meaning it may not find favor with Rome, which wants to sell Alitalia in one package and avoid a split of its aviation and ground service activities.

Possible job cuts are also likely to stoke resistance to the Lufthansa approach.

Italy had on Friday delayed the sale process, extending to April 30 a deadline to improve the bids which had previously been set for Nov. 5.

The German carrier did not provide details of its offer but said it included plans for what it termed a new Alitalia.

“The offer includes a concept for a newly structured Alitalia with a focused business model (”NewAlitalia“), which could develop long-term economic prospects,” it said.


Lufthansa bids for Alitalia as European deals
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