Italy’s Atlantia excited about relaunch not rescue of Alitalia – paper

HomeStock

Italy’s Atlantia excited about relaunch not rescue of Alitalia – paper

ROME, Dec 6 (Reuters) - Italy's Atlantia ATL.MI remains to be excited about supporting the relaunch


ROME, Dec 6 (Reuters)Italy’s Atlantia ATL.MI remains to be excited about supporting the relaunch, and never the rescue, of ailing provider Alitalia CAITLA.UL, the chairman of the infrastructure group mentioned in an interview on Friday.

“The federal government requested to attract up an precise relaunch plan and never one to rescue Alitalia, and that’s what we’re excited about.. With Delta DAL.N not out there to handle the airline it was unthinkable to launch a real industrial plan,” Fabio Cerchiai advised day by day Il Messaggero.

Alitalia, which has been run by directors since Might 2017 is predicted to expire of cash on the finish of this 12 months.

Italian state-owner rail group Ferrovie IPO-FERRO.MI and Atlantia mentioned a joint funding in Alitalia for months with U.S. provider Delta and with Germany’s Lufthansa LHAG.DE however the plan bumped into hassle when Ferrovie mentioned situations weren’t in place to arrange the consortium. .

(Reporting by Giulia Segreti, modifying by Maria Pia Quaglia)



nasdaq.com