Lufthansa has offered 500 million euro ($590 million) to Italy’s troubled national carrier, Alitalia, for acquiring the planes, aircrew and airport runway slots. However, the German airline might encounter some competition from EasyJet.Lufthansa wants to establish a new AlitaliaCiting three anonymous sources, Italian newspaper Corriere Della Sera said Lufthansa also proposed to make drastic changes in Alitalia’s workforce and schedules. Cutbacks would see half of the 12,000 employees lose their jobs as well as reduction of short- and medium-range flights. The paper said the offer was likely to be rejected by the state commissioners who are managing the carrier while it is being sold.Lufthansa hopes to establish ‘NewAlitalia’, but it is only interested in parts of the existing business. “The offer includes a concept for a newly structured Alitalia with a focused business model which could develop long-term economic prospects,” a statement explained.The initial deadline for interested parties to submit bids for Alitalia closed on Monday. However, the Italian government postponed the deadline for making a final bid to April 2018.EasyJet said it had submitted an expression of interest but only wanted “certain assets of a restructured Alitalia”. Both airlines are keen to exploit the competition in European aviation, which has seen both Monarch and airberlin collapse in recent weeks.