Alitalia effect on transatlantic venture unclear: Air France-KLM

Air France-KLM is waiting to see how developments at embattled Alitalia affect the North Atlantic joint venture, following the Italian carrier's filing for extraordinary administration. But Air France-KLM retains only a small shareholding in Alitalia, and CFO Frederic Gagey pointed out, during a Q1 briefing, that a number of previous co-operative ties between the two have ended. "We're mainly a spectator of the Alitalia story," says Gagey. He says there is "not yet clear information on the position from the administrator" regarding the joint venture on the North Atlantic, in which Air France-KLM is a partner with Alitalia and Delta Air Lines. <br/>