Ryanair among non-binding bidders for Alitalia

Ryanair Among Non-binding Bidders For Alitalia

Ryanair among non-binding bidders for Alitalia

Irish low-cost carrier Ryanair is usually among around a dozen bidders to have made a non-binding offer for ailing carrier Alitalia.

Ryanair Among Non-binding Bidders For Alitalia

The Italian flag-carrier filed for special administration earlier in which year as debts continued to mount.

Ryanair Among Non-binding Bidders For Alitalia

in which is usually the second time the airline has faced bankruptcy since 2008 as well as also will be restructured, sold off or wound up.

Ryanair Among Non-binding Bidders For Alitalia

“We are serious in indicating we have an interest in Alitalia,” said Ryanair chief executive Michael O’Leary of the unlikely move.

Ryanair Among Non-binding Bidders For Alitalia

“nevertheless we are also serious in in which our interest in Alitalia is usually only if there was a significant restructuring to ensure Alitalia could reasonably be seen to operate on a profitable basis.”

Ryanair Among Non-binding Bidders For Alitalia

in which is usually thought a key condition would likely be the absence of Italian government interference.

Ryanair Among Non-binding Bidders For Alitalia

The Italian government said in May in which would likely provide a bridging loan to keep the airline flying for a further six months.

However, officials have ruled out renationalising Alitalia inside long-term.

The carrier was privatised as well as also relaunched nine years ago after filing for bankruptcy in 2007.

Interest airlines have until October to make binding offers for the carrier.

However, if no buyer comes forward then administrators will be faced with the prospect of winding up Alitalia.

Alitalia is usually currently 49 per cent owned by Gulf airline Etihad.

Ryanair among non-binding bidders for Alitalia

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