Italian airline Alitalia’s rescue doubtful as Atlantia backtracks

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Italian airline Alitalia’s rescue doubtful as Atlantia backtracks

By Francesca Landini


By Francesca Landini

MILAN, Nov 19 (Reuters)Italian infrastructure group Atlantia ATL.MI stated on Tuesday it was not prepared to hitch a consortium led by Italian railway group Ferrovie dello Stato to rescue loss-making service Alitalia CAITLA.UL, casting a shadow on the complete mission.

After months of negotiations and with simply in the future left earlier than a deadline expires, the group managed by the Benetton household stated that the situations didn’t exist but for it to hitch a consortium engaged on Alitalia.

Atlantia added, nonetheless, it remained out there to have interaction in negotiations to hunt for an industrial companion for the service.

A deadline to current a binding supply for Alitalia expires on Thursday, after being postponed a number of instances.

Loss-making Alitalia has been run by particular directors since Could 2017 and talks led by Ferrovie have been happening for a 12 months with out a deal.

The…



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