Jul 24, 2017

Ryanair makes 'non-binding' offer for Alitalia

Budget airline Ryanair says it has made a "Non-binding offer" for loss-making Italian carrier Alitalia. On Friday, reports said Alitalia had received about 10 non-binding offers. "We have made a non-binding offer for Alitalia. As the largest airline in Italy, it's important we are involved in the process," Ryanair said. In June, Ryanair chief executive Michael O'Leary said that if the carrier did decide to invest in Alitalia then it would look to acquire a majority stake. If no buyer comes forward then administrators will be faced with the prospect of winding up Alitalia, which is 49%-owned by Gulf airline Etihad..

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