Ryanair bids for Alitalia ahead of tender launch
Ryanair is one of several airlines to have made a bid for Alitalia ahead of the launch of a full-scale tender process for the lossmaking carrier in the coming weeks. Ryanair confirmed Monday that it had submitted a non-binding offer for Alitalia, which collapsed into administration May 2 after its employees voted to reject a restructuring plan involving salary reductions and lay-offs. Neil Sorahan, CFO at Ryanair, refused to outline the details of its offer but said the airline felt it was right to be involved in the bidding process. Ryanair’s CE, Michael O’Leary, has previously said it was only interested in pursuing Alitalia if it was restructured by its commissioners. Ryanair’s interest in Alitalia comes as the bidding process for the airline is in its early stages, with final offers not expected before the end of October. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-07-25/unaligned/ryanair-bids-for-alitalia-ahead-of-tender-launch
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Ryanair bids for Alitalia ahead of tender launch
Ryanair is one of several airlines to have made a bid for Alitalia ahead of the launch of a full-scale tender process for the lossmaking carrier in the coming weeks. Ryanair confirmed Monday that it had submitted a non-binding offer for Alitalia, which collapsed into administration May 2 after its employees voted to reject a restructuring plan involving salary reductions and lay-offs. Neil Sorahan, CFO at Ryanair, refused to outline the details of its offer but said the airline felt it was right to be involved in the bidding process. Ryanair’s CE, Michael O’Leary, has previously said it was only interested in pursuing Alitalia if it was restructured by its commissioners. Ryanair’s interest in Alitalia comes as the bidding process for the airline is in its early stages, with final offers not expected before the end of October. <br/>
