Alitalia Receives a Third Takeover Bid

Claudio Lotito, the owner of the S.S. Lazio soccer team in Rome, has offered to buy Alitalia. Two other parties are actively interested in purchasing a stake in the struggling flag carrier: Delta Air Lines and Ferrovie dello Stato (Italy’s public train company).

Alitalia declared bankruptcy in 2017. The Italian government, which has intervened with financial support for the airline, is closely monitoring the potential sale of the airline. It previously wished to re-nationalize the company, but European Union regulations forbid such an action.

The Italian operator recently released its May financial report, which revealed that the company grew its revenue in the first five months of 2019, up 1.8% compared to the same stretch of time in 2018. Its cumulative passenger traffic between January and May 2019 rose by 3.3%.

According to fleet data available in mba’s REDBOOK, 117 aircraft make up the active fleets of Alitalia and its CityLiner regional affiliate.

Sources: Aviator; Simple Flying