Delta, Air France Enter Exclusive Talks With Italy Over Former Alitalia Airline

Delta Air Lines and Air France-KLM gained their joint bid for ITA Airways, coming into unique talks with the Italian authorities over plans to denationalise the carrier formerly known as Alitalia.

Italy’s Finance Ministry stated Wednesday {that a} bid from the consortium, which additionally consists of funding agency Certares Management LLC, emerged as probably the most appropriate as the federal government seeks at hand over management of the reincarnated flag service. The authorities stated a ultimate deal isn’t sure. “At the end of exclusive negotiations, binding agreements will be signed only if the outcome is fully satisfactory for public shareholders,” the ministry stated.