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13
Nov-2013

Alitalia to look to southeast for new airline partner

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Alitalia to look to southeast for new airline partner

Italian airline Alitalia has signaled its interest in seeking a partner from southeast Asia if its main shareholder Air France-KLM decides not to pump more cash into the airline later this week.

Air France-KLM, which holds a 25% stake in the ailing Alitalia, is not expected to participate in the Italian airline’s €300 million cash call.
Unless it agrees to stump up additional cash by Thursday, its stake will automatically fall to between 7% and 11%.

Italy’s transport minister Maurizio Lupi told Reuters today if that happened the airline would look for a partner in southeast asia.
http://www.travelmole.com/news_feature.php?c=setreg&region=2&m_id=s~~AY!m~AT_&w_id=9457&news_id=2009011

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