Air France-KLM Says It Won't Take Stake in ITA as Part of Potential Deal
August 31 2022 - 11:41AM
Dow Jones News
By Cristina Roca
Air France-KLM said Wednesday that it isn't planning on
investing in ITA Airways' capital as part of a potential deal to
privatize the Italian flag carrier.
"Air France-KLM Group could consider in the medium term to take
a minority stake in ITA," it added.
The Italian Finance Ministry said earlier on Wednesday that a
joint bid by the Franco-Dutch airline, Delta Air Lines Inc. and
investor Certares Management LLC would enter exclusive talks to
take control of ITA, the successor to Alitalia.
Air France-KLM said both itself and Delta are commercial
partners in the consortium, while Certares--which leads the
consortium--is an equity partner.
Write to Cristina Roca at cristina.roca@wsj.com
(END) Dow Jones Newswires
August 31, 2022 11:26 ET (15:26 GMT)
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