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Lufthansa offers 250 million euros to take on most of Alitalia's fleet, half of staff: source

Reuters 2017-11-14 21:10:27

FRANKFURT (Reuters) - Germany’s Lufthansa (LHAG.DE) has offered 250 million euros ($294 million) to take on most of Alitalia’s fleet of aircraft and half of its staff, a source close to the matter said on Tuesday.

Lufthansa Boeing 747-400 jumbo jet is seen at Tegel airport in Berlin, Germany, November 2, 2017. REUTERS/Axel Schmidt

Alitalia, which has made a profit only a few times in its 70-year history, was put under special administration earlier this year after staff rejected a plan to cut jobs and salaries.

Lufthansa is one of seven companies that submitted binding offers for Alitalia by Oct. 16.

($1 = 0.8508 euros)

Reporting by Ilona Wissenbach; Writing and additional reporting by Agnieszka Flak in Milan; Editing by Kathrin Jones and Hugh Lawson