Lufthansa and easyJet submit revised offers for Alitalia

posted on 13th April 2018 by Jordan Newton
Lufthansa and easyJet submit revised offers for Alitalia

Lufthansa and easyJet have both submitted revised offers for ailing Italian carrier Alitalia, according to reports this week.

EasyJet said that it has submitted a revised expression of interest for a restructured Alitalia as part of a consortium, but did not provide further details of the proposal.

Lufthansa then said it has submitted a document setting out its ideas for a “new” Alitalia but has previously stated it would only be interested in a restricted Alitalia.

Alitalia said that it had received three bids.

The Italian carrier entered insolvency proceedings last year and the Italian government has since been seeking new investors. The sale process has been delayed as a result of last month’s elections.

Media reports claim that easyJet is joining up with private equity firm Cerberus and Air France-KLM for its bid for Alitalia, but Air France-KLM is reported in various reports as saying it has no interest in bidding.

Etihad Airways pulled the plug on its investment in Alitalia last year as it carried out its own restructuring. The carrier had taken a 49 per cent stake in 2014.