Economy

Lufthansa confirms interest in 'new Alitalia'

Lufthansa confirms interest in 'new Alitalia'”

Lufthansa has opted not to make an offer for the complete Airline but has stated interest in only parts of the Global network traffic and European and domestic point-to-point business.

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

The responsible commissioners have agreed to maintain confidentiality regarding the details of the offer.

Former Italian flag carrier Alitalia is now in emergency administration and its commissioners are looking for a new buyer willing to acquire the whole airline.

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

Lufthansa is buying parts of failed German carrier Air Berlin.

Lufthansa said it hoped to establish a "New Alitalia", but was only interested in parts of the existing business.

Alitalia, which has made a profit only a few times in its 70-year history, filed for special administration this year after staff rejected a plan to cut jobs and salaries.

Irish no-frills carrier Ryanair had expressed early interest in Alitalia, but said two weeks ago it was dropping the idea as it struggled with the fallout from thousands of cancellations of its own flights owing to a shortage of pilots. However, it pulled out to focus on its rostering issues.

The Italian government announced the deadline for the procedure of "ceding assets belonging to Alitalia" had been extended to April 30, 2018.



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