Alitalia To Seek Asian Partner If Air France-KLM Backs Out

by
Italy hopes for a South-East Asian partner for carrier Alitalia should its top shareholder Air France-KLM (AIRF.PA) decide not to participate in a 300 million euro capital increase, Transport Minister Maurizio Lupi said on Tuesday.

air france

Italy hopes for a South-East Asian partner for carrier Alitalia should its top shareholder Air France-KLM (AIRF.PA) decide not to participate in a 300 million euro capital increase, Transport Minister Maurizio Lupi said on Tuesday.

"I hope Air France will subscribe ... if they don't, their stake will fall to around 7 percent and then we can look for a partner in South-East Asia," Lupi told journalists.

Asked if there was also talk about Etihad Airways, which has been mentioned by Italian media as a possible partner for Alitalia in the past, Lupi said: "I don't think so, I've read about Aeroflot and Air China (601111.SS) (0753.HK)."

View Comments

Recommended For You