Alitalia options include sale of short-haul business to low-cost operator — report (translated)
Alitalia, an Italian airline, could sell off its short-haul business to a low cost operator, Italian-language daily Il Sole 24 Ore reported.
The unsourced report said that the sale of the business is one of two options Alitalia CEO Cramer Ball is putting forward to shareholders.
In the context of the company's restructuring, a first option would involve the sale of the business to a low cost carrier—with Ryanair [NASDAQ:RYAAY] or easyJet [EZJ:LSE] the most likely buyers, the report said.
A second option would be for Alitalia to move the short-haul operations into its own low-cost carrier, the report noted.
According to the report, a sale of the short-haul flights business would be a major step as it represents 70% of the value of the airline.