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Atlantia seeking radical revision of Alitalia rescue plan: source - Metro US

Atlantia seeking radical revision of Alitalia rescue plan: source

FILE PHOTO: Passengers board an Alitalia airplane at the Cagliari airport, Italy, July 9, 2018. REUTERS/Stefano Rellandini/File Photo
Reuters

ROME/MILAN (Reuters) – Italian infrastructure group Atlantia has asked the country’s industry ministry to radically revise the rescue plan for Alitalia if negotiations to salvage the ailing carrier are to go on, a source familiar with the matter said.

The source was confirming a report in Thursday’s Corriere della Sera newspaper.

Atlantia is part of a group of investors led by Italian railways Ferrovie dello Stato behind a possible rescue of the loss-making airline which also include Delta Air Lines .

Delta has agreed to increase its investment in Alitalia to 120 million euros, giving the U.S. airline a stake of 12%, up from an initial 10%, Corriere della Sera added in the report.

(Reporting by Stefano Bernabei in Rome and Gianluca Semeraro in Milan; editing by Valentina Za)

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