Alitalia, consortium, Air France-KLM, easyJet, bid, offer, buy, acquisition, offer, Lufthansa

Who’s bidding to take over Alitalia?

The Italian airline, now on state-funded life support, has attracted interest through three offers.

Embattled Alitalia, which is on state-funded life support, says it has received three offers to buy it, but without specifying which companies are interested.

However, Lufthansa and easyJet both say they are acting on the offer, each of them referring to a restructured version of Alitalia.

Lufthansa says it has submitted an acquisition document, while easyJet comments that its own “revised expression of interest” is being made as part of a consortium, without naming the other parties.

A source says that Air France-KLM and private equity investor Cerberus Capital Management are part of the easyJet group, report Bloomberg and the Toronto Star.

Meanwhile, Wizz Air has declined to comment on a report in an Italian newspaper, Il Sole, that it is also bidding.

No certainty
Alitalia was declared insolvent almost a year ago and since then has been in talks with a number of potential investors interested in buying parts of the business.

“There is no certainty at this stage that any transaction will proceed, and easyJet will provide a further update in due course if and when appropriate,” easyJet said in its statement.

A takeover of Alitalia would follow the budget carrier’s successful bid for Air Berlin’s operations at Berlin Tegel, a move that will already boost its fleet to more than 300 single-aisle Airbus aircraft and passengers numbers to 90 million in 2018. The London Luton-based carrier is now headed by Swede Johan Lundgren.

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