Lufthansa looking to rescue Alitalia with €200 million bid, reports suggest

November 2, 2019

 

Germany’s Lufthansa could be set to invest up to €200 million in struggling carrier Alitalia, according to new reports.

The Italian carrier is running out of funding options and time to find them having been granted an extra extension by Italy’s industry ministry to gain a binding bid by 21 November.

A report by Reuters suggests that Lufthansa had written to Italy’s industry ministry and rail company Ferrovie dello Stato, which has pledged to take a stake in the airline and which is leading the effort to find new investors.

In its letter, Lufthansa said it was open to putting in fresh funds to Alitalia but questions remain about its priorities. The letter did not contain a precise figure but Lufthansa is ready to stump up between 150 million euros and 200 million, the Reuters source said.

Lufthansa in response has issued a statement which said: “We are not commenting on this.”

Alitalia has struggled for years to be profitable and flirted many times with bankruptcy, initially filing for this in 2017. 

Share on Facebook
Share on Twitter
Please reload

Crewroom Links
Follow "crewroom"
  • Facebook Social Icon
  • Instagram
  • Twitter Social Icon
  • YouTube Social  Icon
  • Google+ Social Icon

Latest News

South African Airways Cabin Crew Strike “Endangers Future of the Airline”: All Flights Cancelled Friday and Saturday

November 15, 2019

Qantas Completes Historic Non-Stop London-Sydney Flight

November 15, 2019

Wizz Air net profit up 26% for 1H FY2020 as revenue grows

November 14, 2019

2nd Qantas “Project Sunrise” ultra-long flight #QF7879 took off from London Heathrow…

November 14, 2019

BelugaXL has received its Type Certification from the European Aviation Safety Agency (EASA) …

November 14, 2019

1/6
Please reload

Welcome to crewroom

www.crewroom.net

The Most Trusted Name In Aviation

Crewroom Magazine has affiliate partnerships so we may receive compensation for some links to products and services

Copyright Crewroom © 2017

Part of the CIBM Solutions Inc. Aviation News.
Powered by
Crewroom Magazine

Contact Us          Terms & Conditions          Privacy Policy