Alitalia gets three bids, Air France favourite
6th Dec 2007 in Airline
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.
——-
