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.
Linsey McNeill
Editor Linsey McNeill has been writing about travel for more than three decades. Bylines include The Times, Telegraph, Observer, Guardian and Which? plus the South China Morning Post. She also shares insider tips on thetraveljournalist.co.uk
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