BREAKING NEWS

BREAKING NEWS

Italy's government extends deadline for Alitalia bids to June 15

Italy's government extends deadline for Alitalia bids to June 15
FILE PHOTO: An Alitalia airplane is seen before take off from the Leonardo da Vinci-Fiumicino Airport in Rome, Italy, June 21, 2018. REUTERS/Stefano Rellandini -
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STEFANO RELLANDINI(Reuters)
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MILAN (Reuters) - Italy's deputy prime minister Luigi Di Maio extended a deadline to submit bids for the ailing carrier Alitalia to June 15, a government statement said on Friday.

The decision followed a request from Italy's state railway group Ferrovie dello Stato, which is one of the companies who have said are willing to contribute to the rescue plan.

The current deadline had expired at the end of April.

The government is arranging a rescue of the ailing company to avoid mass layoffs and has lined up Ferrovie dello Stato and U.S. carrier Delta as potential investors. But it still needs another investor to contribute to a bid that is estimated to be worth around 1 billion euros (850.3 million pounds).

Flagship carrier Alitalia has been run by administrators since 2017 after workers rejected a previous rescue plan.

(Reporting by Elvira Pollina; editing by Francesco Guarascio)

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