Lufthansa spreads its wings to bid for struggling Italian airline

Italy Extends Alitalia Bridge Loan

Lufthansa agreed a €210m (£190m) deal for parts of Air Berlin last week, with EasyJet also in talks to buy parts of the failed carrier.

EasyJet said it had submitted an expression of interest but also only wanted "certain assets of a restructured Alitalia".

The Lufthansa Group has submitted an offer letter today, expressing its interest in establishing a "NewAlitalia".

Takam in for Joshua clash
The bout is scheduled for 28 October at Cardiff's Principality Stadium, with more than 70,000 tickets already sold. He secured the signature of Takam just hours after Pulev pulled out and Joshua's team agreed to the late change.

Germany's Lufthansa was ready to make an offer of about 500 million euros ($590 million) to bankrupt Alitalia, the German flagship airline said in a statement released Monday.

A takeover by Lufthansa would make Alitalia part of Europe's largest airline, but would also reduce Alitalia to a regional carrier that fed into the Lufthansa system via its hub in Frankfurt.

Last week, the Italian government postponed the deadline for making a final decision on Alitalia's sale from 4 November to April next year. But the bidding process allows for the possibility to isolate either the aviation or handling businesses.

Politician who says she was abducted by aliens runs for Congress
She cites a UFO sighting when she was 17 and referred to an article in the same newspaper that she says corroborated what she saw. Though Rodriguez Aguilera's extraterrestrial tale is suspect, her political credentials and pedigree are not.

"The offer includes a concept for a newly structured Alitalia with a focused business model which could develop long-term economic prospects", a statement explained.

According to a report by Italian newspaper Corriere della Sera, the Lufthansa bid would entail a 50-percent cut of the Italian carrier's roughly 12,000 employees. The report said the plan calls for cutting 6,000 jobs and reducing the airline's short- and medium-haul routes, which have suffered under the pressure from low-priced airlines.

A spokesperson of the German airline company, however, declined to comment details of such information.

Judge refuses to throw out case against New Jersey senator
The two men deny the allegations and say the gifts were a result of their longtime friendship. He now sits on the Senate foreign relations, banking, and finance committees.

Related News:



Most liked

Digging Up the Facts on NMI Holdings, Inc. (NMIH)
Zacks Investment Research upgraded NMI Holdings from a "sell" rating to a "hold" rating in a report on Thursday, February 23rd. The value of the investment in NMI Holdings Inc went from $1,891,000 to $2,310,000 a change of 22.2% since the last quarter.

AAA: Distractions and drinking fuel teen driver crashes
Ohio's current limit is midnight, but 75 percent of Ohio's young driver nighttime crashes occur between 9 p.m. and midnight. It's widely believed that cell phones are the most common cause for auto crashes among teens, but AAA says otherwise.

KeyCorp Reaffirms Hold Rating for Cedar Realty Trust, Inc. (NYSE:CDR)
The Pennsylvania Suburbs segment includes properties in Chester, Delaware and Montgomery counties in the Philadelphia suburbs. The stock of Federal Realty Investment Trust (NYSE:FRT) has "Buy" rating given on Wednesday, July 22 by Canaccord Genuity.

Nearly 2000 affected as Ophelia causes flight cancellations in Cork Airport
Dublin Airport is also remaining "open and operational" during the storm but up to 135 flights have been cancelled. Aer Lingus Flight EI491 was coming in from Faro, Portugal when it was rocked by wild winds.

Cher to return to the big screen in Mamma Mia! 2
Mamma Mia: Here We Go Again will be written and directed by Ol Parker of The Best Exotic Marigold Hotel success. The soundtrack of the movie has been certified platinum in more than 20 countries.

Which Way Traders Signposts NewLink Genetics Corporation (NLNK), Tesla, Inc. (TSLA) Stocks?
The Company's portfolio includes biologic and small-molecule immunotherapy product candidates for a range of oncology indications. North Star Inv Mngmt has 0% invested in NewLink Genetics Corp (NASDAQ: NLNK ). 229,684 are held by Westpac Banking Corporation.

Lovren claim puts boot into Lukaku
The Football Association chose not to pursue a case against the Belgian despite protestations from Lovren during the game that he took a whack to his face.

Dolphins come back to shock the Falcons
We've got to get more possessions, more time, more plays, and I think that is more the by-product of getting Julio the ball more. Jones was hardly a factor in both games. "He makes it real easy to stay with", Head Coach Adam Gase said. "I let it rip".

NaVorro Bowman Reportedly Signs 1-Year Raiders Contract After 49ers Release
The 49ers released the four-time All-Pro last week after Bowman became disgruntled with his playing time. He repeatedly said "I don't know" when asked if he at least understood the rationale behind it.

Atlanta mother put behind bars for the death of her two children
When police arrived on the scene, Williams claimed that she left her kids with a family member who may have committed the murders. She told cops that she left the kids in a sitter's care and found the kids dead when she came home late Friday.

'All signs in place' for Marcus Mariota to play Monday
Mariota, 23, was a limited participant in the team's practices this week and is a game-time decision. On Monday Night, Mariota will have wide eyes against the third worst pass Defense in the NFL.

Cubs' Maddon expects to be fined for critical comments
That's the question Maddon has avoided answering. "Once that walk occurred, then all bets are off against Turner", Maddon said. Lackey struck out pinch-hitter Kyle Farmer for the second out of the ninth after entering with the winning run on second base.

CD Projekt Red addresses Cyberpunk 2077 and employee morale
It often requires a conscious effort to "reinvent the wheel" - even if you personally think it already works like a charm. Cyberpunk 2077 won't be released for a couple years, with PCGamesN suggesting a launch by June 2019.

Celebrity Clasico: Virat & Co hit new goals, win hearts
The visuals are a little grainy but it looks like Ziva gives Dhoni the bottle and then runs back as someone picks her up. But the All Hearts pulled away when former Chennai Super Kings batsman Anirudha Srikant scored twice too.

EPL On Citi: Chelsea fall to Crystal Palace, Man City thrash Stoke
At Selhurst Park Crystal Palace took a shock lead in the 11th minute when Yohan Cabaye's shot was deflected into the Chelsea net. Gabriel Jesus continued his incredible goalscoring record with a brace in City's 7-2 demolition of Stoke City.