13th Feb 2020 14:53
(Alliance News) - Ryanair Holdings PLC's chief commercial officer told reporters in Milan that the budget airline is not interested in buying Air Italy, Reuters reported on Thursday.
Struggling Air Italy, part-owned by Qatar Airways, announced its bankruptcy Tuesday but said it would guarantee flights through February 25, after which tickets would be reimbursed.
Ryanair's Chief Commercial Officer David O'Brien told reporters that "we have no interest whatsoever in buying Air Italy. It would be pointless", Reuters reported.
https://uk.reuters.com/article/uk-air-italy-m-a-ryanair-hldgs/ryanair-says-it-has-no-interest-in-buying-air-italy-idUKKBN2071DX
Media reports earlier this week linked the low-cost airline with a potential rescue bid for Air Italy.
The company, formerly called Meridiana, on Tuesday said: "From February 11 to 25 inclusive, all Air Italy flights will be guaranteed by other companies at the planned times and days."
Italy's flag carrier is Societa Aerea Italiana, trading as Alitalia.
Ryanair shares were 0.8% lower at EUR15.63 each in London on Thursday afternoon.
By Eric Cunha; [email protected]
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