Chief executive says Irish firm is finalising details of deal for bankrupt airline, but has no interest in German carrier Air Berlin

Ryanair is preparing a binding takeover bid for Italy’s bankrupt airline Alitalia but has no interest in the ailing German carrier Air Berlin, according to its chief executive, Michael O’Leary.

O’Leary said the Irish firm was finalising the details of a deal that would be just the second major acquisition in the no-frills airline’s 33-year history.

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