Ryanair submits bid for Alitalia

Ryanair became the latest airline to bid for failing Alitalia on Monday, says a piece in the Financial Times. Ryanair’s CFO refused to give and details on the bid, but made clear how important the Italian market is to the airline. Other high profile contenders include Etihad, who already own a significant stake in Alitalia, and easyJet. The bidding is still early stage but the tender should be produced in the next few weeks. The three bids are non-binding, but expect the auction to heat up as it gets to the later stages toward October.