Alitalia Rescue Plan Could See Delta Boost Initial Stake
- Ferrovie sets Sunday deadline for expressions of interest
- Deputy Premier Di Maio said to seek Atlantia’s participation
Passengers board a passenger aircraft, operated by Alitalia SpA,
Photographer: Simon Dawson/BloombergThis article is for subscribers only.
Italy’s government is nearing a rescue package for bankrupt Alitalia that could see U.S. carrier Delta Air Lines Inc. boost its stake in a new company from an initial minority holding, according to people familiar with the talks.
With a deadline for bids set for Monday, Delta could step in now and also get an option to acquire more shares later from two state bodies -- railway operator Ferrovie dello Stato Italiane SpA and the Treasury -- or through a capital injection, the people said, asking not to be named discussing confidential negotiations. Ferrovie and the Treasury are expected to have a combined stake of about 50% initially with Delta getting around 10% to 15%.