OREANDA-NEWS. Aeroflot plans to invest from 670 million euros ($899 million) to 690 million euros in a bid for Alitalia, Italy's Corriere della Sera newspaper reported Wednesday without saying where it got the information.

Investors interested in buying at least 39,9 percent of the unprofitable airline from the Italian government have to make nonbinding preliminary bids by April 16. Any buyer will then have to make an offer for the whole company, which has a market value of about 1,4 billion euros.