19th Feb 2019 09:14
LONDRA (Alliance News) - The US's Delta Air Lines Inc and the UK's easyJet PLC may together invest as much as EUR400 million to keeping Italian airline Alitalia SpA aloft, Bloomberg reported on Monday.
https://www.bloomberg.com/news/articles/2019-02-18/delta-easyjet-said-to-mull-up-to-452-million-alitalia-stake
Italian state-owned railway Ferrovie dello Stato is involved in order to guarantee that Italy's government would continue to have a stake in its flag carrier.
Sources cited by Italian media said that the two airlines could jointly acquire as much as 40% of a new Alitalia company, with the rest divided among companies controlled by the Italian government.
According to press reports in Rome, the Italian government is weighing how much of a stake to take in the airline, which is currently operating under a "special administration" which protects the company from creditors while it reorganizes.
Deputy Prime Minister Luigi Di Maio last week told union leaders that the government could take a stake of more than 15% in a revived Alitalia.
Shares in easyJet are trading higher 0.6% at 1,289.50 pence each.
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