Offers for Italy's struggling Alitalia due by Oct 2-Report

Binding offers to buy struggling Alitalia have to be submitted by Oct 2, 1 of 3 commissioners appointed by the state to manage the carrier told a national newspaper in a report published Thursday. "Monday we will make the tender public, with a request to submit binding offers. This phase will end Oct 2," Luigi Gubitosi, said in a report in la Republica. Gubitosi reiterated that the favoured option was to sell the airline in one block, rather than in separate pieces. Asked about losses of E2m (US$2.35m) per day and the low load factors troubling the airline, Gubitosi said the situation had improved and on long-haul flights the yield had gone up. <br/>
Reuters
https://www.nytimes.com/reuters/2017/07/27/business/27reuters-alitalia-m-a-offers.html
7/27/17