May 6 (Bloomberg) -- Multi-Long Corp., a Brazilian company, has made a ``concrete bid'' for Italy's unprofitable airline Alitalia SpA and given details to the European Union, according to an e-mail from the company late yesterday.

Multi-Long submitted its ``entire'' business plan to European Union regulators yesterday, Michael Breslow wrote in the e-mail. Breslow has been identified in press reports as the company's chief executive officer.

``We are the only private company that has offered a concrete bid for Alitalia,'' Breslow said in the e-mail. Multi- Long's funds for the offer are ``larger than anyone can imagine,'' he said, without giving any financial details. Breslow described Multi-Long's approach to Alitalia as ``rock solid and not an adventure or irresponsible bid.''

Multi-Long offered 1 billion euros ($1.6 billion) for Alitalia, the Associated Press reported on April 30, citing Breslow.

Multi-Long made an offer in 2006 to buy Viacao Aerea Rio- Grandense SA, or Varig's domestic and international airline services, Agencia Estado reported at the time. Multi-Long planned to finance the purchase using loans from Brazil's state development bank and sale of domestic bonds, Estado said.

``We didn't get Varig,'' Breslow said in yesterday's e- mail, ``but the company that did had huge troubles because of mismanagement, in our opinion.''

To contact the reporter on this story: Armorel Kenna in Milan at akenna@bloomberg.net

Last Updated: May 6, 2008 01:46 EDT