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Lufthansa offers 250 mln euros to take on most of Alitalia's fleet, half of staff -source

Reuters - UK Focus

FRANKFURT, Nov 14 (Reuters) - Germany's Lufthansa has offered 250 million euros ($294 million) to take on most of Alitalia (Stuttgart: 2278962.SG - news) 's fleet of aircraft and half of its staff, a source close to the matter said on Tuesday.

Alitalia, which has made a profit only a few times in its 70-year history, was put under special administration earlier this year after staff rejected a plan to cut jobs and salaries.

Lufthansa (Xetra: LHAB.DE - news) is one of seven companies that submitted binding offers for Alitalia by Oct (Shenzhen: 000069.SZ - news) . 16. ($1 = 0.8508 euros) (Reporting by Ilona Wissenbach; Writing and additional reporting by Agnieszka Flak in Milan; Editing by Kathrin Jones and Hugh Lawson)