Ryanair Makes Non-Binding Offer to Alitalia

Ryanair has made a “non-binding offer” for its loss-making Italian rival Alitalia, the Irish no-frills carrier said on Monday, AFP reported. “We have made a non-binding offer for Alitalia. As the largest airline in Italy, it’s important we are involved in the process,” Ryanair said in a statement after Italian media said Friday that about ten such bids had been made. The announcement comes as Ryanair on Monday logged soaring quarterly profits, aided by the timing of Easter, while the company noted that the outlook was clouded by Brexit. The deadline for Alitalia to receive non-binding offers was last Friday.