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July/August 2017
For Business, Corporate Travel & Meeting Buyers & Arrangers

Deadline set for bids to buy Alitalia

Alitalia’s receivers have given a deadline of June 5 for potential buyers of the struggling Italian carriers.

The airline was put into extraordinary administration on May 2 after workers rejected a restructuring plan - Alitalia’s flights continue to operate as scheduled.

The three receivers appointed by the Italian government following Alitalia’s administration say they are looking for “expressions of interest” for potential buyers.

They are open to bids from single companies or consortia and are willing to listen to offers that include buying Alitalia entirely, restructuring the company or purchasing assets or contracts held by the airline.

Interested parties have until 18.00 on June 5 to make their bids that have to be submitted to the Rome-based receivers in a sealed envelope.

The Italian government has ruled out renationalising Alitalia, which had debts of €3 billion as of February 28, 2017.

But the government has provided short-term funding of €600 million to the airline to allow it to continue operating over the next six months.

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