Lufthansa Makes Bid for Alitalia

Dec. 18, 2017
Lufthansa has offered $294 million to take on most of Alitalia’s fleet of aircraft and half of its staff, a source close to the matter said.

FRANKFURT (Reuters) - Germany’s Lufthansa has offered 250 million euros ($294 million) to take on most of Alitalia’s fleet of aircraft and half of its staff, a source close to the matter said on Tuesday.

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

Lufthansa is one of seven companies that submitted binding offers for Alitalia by Oct. 16.

Read more: https://www.reuters.com/article/us-alitalia-lufthansa/lufthansa-offers-250-million-euros-to-take-on-most-of-alitalias-fleet-half-of-staff-source-idUSKBN1DE24E