Ryanair Eyes Alitalia, Says it Made ‘Non-binding Offer’

Photo © Ryanair

Irish low-cost carrier Ryanair has made “a non-binding offer” for Alitalia, the company said on Monday.

Italy’s ailing flag carrier Alitalia had filed in May to be put under special administration for the second time in a decade opening the way for its overhaul, sale or dissolution.

Ryanair’s CFO Neil Sorahan told Reuters that “we put a non-binding bid in… I can’t say much more other than we think it is right to be involved in the process.”

According to Italian media, thus far, some 10 non-binding bids have been submitted for the loss-making airline.

Meanwhile, Ryanair reported on Monday, a 55 percent rise in profit for the three months to the end of June, generating 1.9 billion euros in revenue during the quarter, up by 13 percent compared to the same period last year, handling in the meantime some 35 million passengers, a 12 percent increase.

In relevant news, Ryanair announced in June, the launch of a new air service from Athens to Bergamo Airport, offering its passengers an expanded route choice to Italy and Spain and the opportunity to book and transfer directly onto connecting Ryanair flights.