Alitalia rescue hopes boosted as Lufthansa seems to be set to step in

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Alitalia rescue hopes boosted as Lufthansa seems to be set to step in

By Ilona Wissenbach, Stefano Bernabei and Giuseppe Fonte


By Ilona Wissenbach, Stefano Bernabei and Giuseppe Fonte

BERLIN/ROME, Oct 17 (Reuters)Alitalia’s rescue hopes acquired a lift on Thursday with indicators that Lufthansa LHAG.DE might take a stake within the Italian service and Rome agreeing to a 350 million euro ($389 million) bridging mortgage to ease rapid money worries.

Loss-making Alitalia has been run by particular directors since Might 2017 and talks led by state-owned railway group Ferrovie dello Stato to place collectively a consortium of rescuers have been occurring for a yr with out coming near a deal.

Till now Ferrovie has been negotiating with U.S. service Delta Air Traces DAL.N and infrastructure group Atlantia ATL.MI, however the three potential companions have been divided on key points of the rescue plan together with the scale of their respective investments.

On Thursday, two folks with information of the matter stated Germany’s Lufthansa was now providing not solely a industrial partnership, however might additionally take a stake within the Italian…



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