This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.

This probably won’t come as much of a surprise given the carrier’s history and bizarre current situation, but per the Telegraph, Ryanair just shared that it no longer plans to bid on bankrupt Alitalia.

With continued financial support from the Italian government, Atiltalia’s situation isn’t nearly as dire as Air Berlin’s — I flew Alitalia myself just a few days ago and it felt like business as usual at the carrier — but without other alternative bids confirmed, this latest Ryanair move will no doubt leave Alitalia’s creditors a bit uneasy.

Officially, Ryanair executives blamed the airline’s “rostering problem” for the change of plans, explaining that it intends to avoid adding distractions for managers. On the surface that seems logical, but it wouldn’t be unreasonable to question Ryanair’s original intentions here.

As for next steps for Alitalia, the airline and its creditors are anxiously awaiting acquisition proposals, of course. The deadline to present binding offers is now October 16, giving potential suitors a bit more time to consider — and then likely cancel — a plan to bid.

Know before you go.

News and deals straight to your inbox every day.

2018 TPG Award Winner: Mid-Tier Card of the Year
Chase Sapphire Preferred® Card

NEW INCREASED OFFER: 60,000 Points

TPG'S BONUS VALUATION*: $1,200

CARD HIGHLIGHTS: 2X points on all travel and dining, points transferrable to over a dozen travel partners

*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.

Apply Now
More Things to Know
  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel
Intro APR on Purchases
N/A
Regular APR
18.24% - 25.24% Variable
Annual Fee
$95
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
Recommended Credit
Excellent/Good

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.