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Exclusive: Lufthansa CEO calls for 'significant' Alitalia cuts - letter

Reuters  |  FRANKFURT 

(Reuters) - sees need for "significant" restructuring at Italy's before the German can make deal to buy the carrier, according to letter by seen by on Thursday.

"While recognising the valuable measures that have been undertaken to date under the leadership of the commissioners, we strongly believe that there remains considerable amount of work to be achieved before would be in the position to enter comprehensively into the next phase of the process," Spohr said in the letter to Italian

He said restructured "NewAlitalia" would be smaller in terms of both staff and its fleet.

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

Lufthansa, British low-cost carrier and U.

S. private equity fund are among companies that have expressed an interest in

(Reporting by Ilona Wissenbach; Writing by Maria Sheahan; Editing by Tom Sims)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, January 11 2018. 19:19 IST
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