MILAN — The Italian daily Corriere della Sera says Lufthansa is preparing a 500 million-euro ($590 million) bid for large parts of bankrupt Italian carrier Alitalia, including the fleet, pilots, air crew and air slots.
Alitalia, which declared bankruptcy in May, faces a Monday deadline for binding offers.
Citing three unidentified sources, Corriere said that Lufthansa’s plan calls for cutting 6,000 jobs and reducing the *******’s short- and medium-haul routes, which have suffered under the pressure from low-cost airlines. Alitalia declined comment.
Lufthansa recently reached a deal to buy parts of the bankrupt carrier Air Berlin. Both Air Berlin and Alitalia have been controlled by Gulf ******* Etihad, which has ceased financing.
The Italian government has offered bridge loans, including a new 300-million-euro extension, to keep the ******* operating.