Alitalia gets three bids, Air France favourite

6th Dec 2007

Alitalia has received three offers from investors interested in buying the ailing Italian airline. Air France-KLM is the running favourite, then there is a consortium led by Italian business lawyer Antonio Baldassarre. Air One, Italy’s second-biggest airline has also presented an offer.
Lufthansa said earlier Thursday it has decided not to bid for the Italian government’s controlling 49.9 percent stake in Alitalia, which is losing between one million and two million euros a day due to high operating costs and fierce competition from low-cost carriers.

Alitalia is expected to take ten days to examine the nonbinding offers, and then will select one party with which it will open exclusive talks.


Recommended for you

Follow Breaking Travel News

Travel Events Calendar

Media Partnerships

Global Restaurant Investment ForumThe Hospitality & Tourism SummitCATHIC
ITB AsiaChina Outbound Travel & Tourism MarketThe Travel Marketing Store
Serviced Apartment SummitWorld Travel MarketIMEX
AHICWTTCRoutes Online
UBM Aviation