Alitalia did not consider offers from investors 'appropriate'-report
The 3 offers that Alitalia received during a sales process kicked off by Italy's previous govt were not appropriate for the carrier, the state-appointed commissioners who have run the airline since last year said in a report Friday. Uncertainty now looms over Alitalia, once a symbol of Italy's buoyant post-war economy, after the search for new investors was put on hold by the country's new govt. The commissioners' report did not say who had made the 3 offers but added that Alitalia did not enter exclusive negotiations with any of the potential buyers because they had all lacked commitment and essential elements such as bid bonds, contractual documents and industrial plans. EasyJet, Lufthansa and Wizz Air all submitted expressions of interest after Alitalia was put under special administration in May last year. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-08-06/sky/alitalia-did-not-consider-offers-from-investors-appropriate-report
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Alitalia did not consider offers from investors 'appropriate'-report
The 3 offers that Alitalia received during a sales process kicked off by Italy's previous govt were not appropriate for the carrier, the state-appointed commissioners who have run the airline since last year said in a report Friday. Uncertainty now looms over Alitalia, once a symbol of Italy's buoyant post-war economy, after the search for new investors was put on hold by the country's new govt. The commissioners' report did not say who had made the 3 offers but added that Alitalia did not enter exclusive negotiations with any of the potential buyers because they had all lacked commitment and essential elements such as bid bonds, contractual documents and industrial plans. EasyJet, Lufthansa and Wizz Air all submitted expressions of interest after Alitalia was put under special administration in May last year. <br/>