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

[FRANKFURT] Germany's Lufthansa has offered 250 million euros (S$398.88 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.

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.

REUTERS