Is Ryanair really interested in Alitalia?
Irish Times said on Tue, May 30, 2017:
“Ryanair plans to offer Alitalia a deal that would see the airline effectively take over the bankrupt Italian carrier’s short-haul business while also selling its long-haul flights on its website.
The Irish airline said on Tuesday that it grew profits after tax by 6 per cent to €1.316 billion in the 12 months to March 31st and announced plans to return €600 million to investors through a share buy-back scheme.
According to chief commerical officer, David O’Brien, Ryanair is planning to propose a tranfser deal to the government-appointed commissioners s charged with saving Alitalia.
Under its terms, Ryanair would take over much of Alitalia’s short-haul business and feed passengers to its long-distance network. “We’d even sell their long-haul flights on our website,” Mr O’Brien added.”
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