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Lufthansa joins bidding for Alitalia

(19 October 2007)

Lufthansa has joined the list of possible bidders for Alitalia as part of an Italian-led consortium.

The German carrier was identified by lawyer Antonio Baldassarre as a member of the bidding consortium he heads. It is one of six bidders for the Italian state airline.

Air France-KLM remains the favourite to take over Alitalia.

Other bidders include Aeroflot of Russia, privately owned Italian carrier Air One and private equity groups.

Alitalia has been awaiting a sale for almost a year. A previous auction collapsed in July when no potential buyer was prepared to meet the Italian government's conditions.

by Ian Taylor


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