EasyJet Makes Approach for Possible Takeover of Alitalia – Bloomberg

EasyJet Plc has approached Alitalia SpA about a possible takeover of the Italian airline once it has been restructured.

Europes second-biggest low-cost airline has submitted a revised expression of interest for a restructured Alitalia, the Luton, England-based company said in a statement Tuesday. The airline is acting within a consortium and the move is consistent with its existing strategy for Italy.

Alitalia, which is on state support and searching for a rescuer, was declared insolvent nearly a year ago…

Read the full article at: https://www.bloomberg.com/news/articles/2018-04-10/easyjet-makes-approach-for-possible-takeover-of-alitalia