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Delta Air Lines: "We are still interested in Alitalia"

Backfire from the American carrier?

Delta Air Lines is still interested in Alitalia. This was stated by managing director Ed Bastian. The airline said that "it remains committed to becoming a minority shareholder in a reorganized Alitalia and confirms that it is willing to invest EUR 100 million for a 10% stake in the Italian airline. The American carrier is looking forward to it by Giuseppe Leogrande and wants to keep this alliance with Alitalia in the future". Considering that Lufthansa had declared that it would be willing to enter only in case of a substantial restructuring (see AVIONEWS), the return of Delta could re-open the game again. In any case, it would seem to be the thousands of redundancies at the expense of workers. With the withdrawal of Atlantia it arrived just before the expiry of the presentation of the binding offer, the inadmissible declaration of the amendment on the Alitalia which blocked the bridge-loan of EUR 400 million (waiting for the text to be converted into law); these are just some of the issues that catapult the company into a context of serious uncertainty. Among the changes, the "growth decree" rule was abolished, which allocated 145 million suppliers from the company's flag to the Italian Ministry of the Economy as interest on the previous EUR 900 million State loan, disbursed in 2017, for the hiring of a shareholding of the "Newco" which is however necessary with the offer of FS and Delta. Since the proposal fell, the EUR 145 million of financial interests until May 31 last year should be returned to Mef, like the 900 million of the previous loan.

RC3 - 1226557

© AVIONEWS - World Aeronautical Press Agency Srl
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