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.
With great travel benefits, 2x points on travel & dining and a 50,000 point sign up bonus, the Chase Sapphire Preferred is a great card for those looking to get into the points and miles game. Here are the top 5 reasons it should be in your wallet, or read our definitive review for more details.
- Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
- Chase Sapphire Preferred named "Best Credit Card for Flexible Travel Redemption" - Kiplinger's Personal Finance, June 2018
- 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
- No foreign transaction fees
- 1:1 point transfer to leading airline and hotel loyalty programs
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
- No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards