{"id":6738,"date":"2019-11-19T19:27:47","date_gmt":"2019-11-20T01:27:47","guid":{"rendered":"http:\/\/planesintheair.com\/?p=6738"},"modified":"2019-11-19T19:27:47","modified_gmt":"2019-11-20T01:27:47","slug":"italian-airline-alitalias-rescue-in-doubt-as-atlantia-backtracks","status":"publish","type":"post","link":"https:\/\/planesintheair.com\/?p=6738","title":{"rendered":"Italian Airline Alitalia’s Rescue in Doubt as Atlantia Backtracks"},"content":{"rendered":"\n

MILAN, Nov 19 (Reuters) – Italian infrastructure group Atlantia said on Tuesday it was not ready to join a consortium led by Italian railway group Ferrovie dello Stato to rescue loss-making carrier Alitalia, casting a shadow on the entire project.<\/p>\n\n\n\n

After months of negotiations and with just one day left before a deadline expires, the group controlled by the Benetton family said that the conditions did not exist yet for it to join a consortium working on Alitalia.<\/p>\n\n\n\n

Atlantia added, however, it remained available to engage in negotiations to seek for an industrial partner for the carrier.<\/p>\n\n\n\n

A deadline to present a binding offer for Alitalia expires on Thursday, after being postponed several times.<\/p>\n\n\n\n

Loss-making Alitalia has been run by special administrators since May 2017 and talks led by Ferrovie have been going on for a year without a deal.<\/p>\n\n\n\n

The carrier, which is burning through its cash reserves, is expected to finish its money at the end of this year.<\/p>\n\n\n\n

Ferrovie and Atlantia have been in talks with both U.S. carrier Delta Air Lines Inc and, recently, with German airline Lufthansa.<\/p>\n\n\n\n

Delta said it was ready to invest 100 million euros ($111 million) in the Italian carrier but sources had said it did not agree with Ferrovie and Atlantia over the development of the Italian carrier’s long-haul business.<\/p>\n\n\n\n

On the other hand, Lufthansa said it was prepared to set up a commercial partnership with the Italian carrier but did not want to take a stake in the group before it has gone through a complete restructuring.<\/p>\n\n\n\n

“We will not invest in current Alitalia, but we are interested being a commercial partner,” said Lufthansa CEO Carsten Spohr at an event in Berlin on Tuesday.<\/p>\n\n\n\n

Italian daily La Repubblica on Tuesday said the airline could be nationalized for some years before being sold.<\/p>\n\n\n\n

Analysts calculate that Italian taxpayers have spent more than 9 billion euros to support Alitalia, which has undergone two previous failed rescue attempts.<\/p>\n\n\n\n

($1 = 0.9028 euros)<\/p>\n\n\n\n

(Reporting by Francesca Landini; Additional reporting by Ilona Wissenbach in Berlin; Editing by Lisa Shumaker)<\/p>\n\n\n\n

\"\"<\/figure>\n","protected":false},"excerpt":{"rendered":"

Italian infrastructure group Atlantia said on Tuesday it was not ready to join a consortium led by Italian railway group Ferrovie dello Stato to rescue loss-making carrier Alitalia, casting a shadow on the entire project. After months of negotiations and with just one day left before <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[797,89,5637,5992,7929,2203,4957,5676,1397,868,1103],"tags":[6776,525,420,257,5286,160,8526,5287,988,1925,2234,1563,3038,4423,3644,246,7425,7420,2170,3643,888,571,745,2420,1662,1659,2063,1931,5138,8528,2419,137,2742,8529,2685,412,5013,1541,3234,310,8525,3017,8527,1288,2132,3645,8530,1691,1658,631],"class_list":["post-6738","post","type-post","status-publish","format-standard","hentry","category-airline-news","category-aviation-news","category-business-news","category-economic-news","category-european-news","category-finance-news","category-global-politics","category-international-news","category-stock-news","category-transportation-news","category-travel-news","tag-administrators","tag-air-lines","tag-airline","tag-alitalia","tag-atlantia","tag-aviation","tag-backtracks","tag-benetton","tag-business","tag-carrier","tag-cash","tag-commercial","tag-consortium","tag-deadline","tag-dello","tag-delta","tag-doubt","tag-expires","tag-family","tag-ferrovie","tag-german","tag-germany","tag-group","tag-haul","tag-industrial","tag-infrastructure","tag-italian","tag-italy","tag-join","tag-la-repubblica","tag-long","tag-lufthansa","tag-milan","tag-nationalized","tag-negotiations","tag-news","tag-partner","tag-partnership","tag-project","tag-railway","tag-ready","tag-rescue","tag-reserves","tag-reuters","tag-special","tag-stato","tag-taxpayers","tag-transport","tag-transportation","tag-u-s"],"_links":{"self":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/6738","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6738"}],"version-history":[{"count":1,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/6738\/revisions"}],"predecessor-version":[{"id":6740,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/6738\/revisions\/6740"}],"wp:attachment":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}