Tags: EU | Italy | Alitalia

Italy to Delay Terms of Alitalia Deal as 3 Offers Evaluated

Wednesday, 11 April 2018 01:38 PM

ROME (AP) — Italy's government says it will postpone the deadlines for repayment of a bridge loan to bankrupt national carrier Alitalia while it evaluates offers from three airlines to buy it.

The economic development ministry said the government would issue a decree next week to postpone the terms to close the deal and repay the loan, likely until later this year. Italy is in the midst of negotiations to form a new government, and any new deal would be put on hold until it is formed.

Italian media say Lufthansa, easyJet and Wizz Air submitted offers by Tuesday's deadline.

In a statement, the development ministry said the offers showed a "real interest" in Alitalia and that one of the three bids "includes concrete steps forward in terms of routes and personnel."

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Italy's government says it will postpone the deadlines for repayment of a bridge loan to bankrupt national carrier Alitalia while it evaluates offers from three airlines to buy it.The economic development ministry said the government would issue a decree next week to...
EU,Italy,Alitalia
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2018-38-11
Wednesday, 11 April 2018 01:38 PM
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