Delta, EasyJet consider up to US$452M Alitalia stake
Delta Air Lines and EasyJet may invest as much as E400m (US$452m) total in the latest attempt to revamp struggling Alitalia, according to people familiar with an initial draft of the plan. Investors in a group led by rail operator Ferrovie dello Stato SpA are evaluating the financial needs of the “new Alitalia” that would emerge after the second bankruptcy process in a decade, said the people, who asked not to be named. Under consideration: a capital injection by investors totalling about E1b, the people said. The plan will be discussed with Delta and EasyJet this week and could be finalised by the end of February, they said. At the core of the proposal is setting up a new company following the bankruptcy process that started in 2017. The new Alitalia would retain assets from the previous carrier, but debt wouldn’t be carried over. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-02-19/sky/delta-easyjet-consider-up-to-us-452m-alitalia-stake
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Delta, EasyJet consider up to US$452M Alitalia stake
Delta Air Lines and EasyJet may invest as much as E400m (US$452m) total in the latest attempt to revamp struggling Alitalia, according to people familiar with an initial draft of the plan. Investors in a group led by rail operator Ferrovie dello Stato SpA are evaluating the financial needs of the “new Alitalia” that would emerge after the second bankruptcy process in a decade, said the people, who asked not to be named. Under consideration: a capital injection by investors totalling about E1b, the people said. The plan will be discussed with Delta and EasyJet this week and could be finalised by the end of February, they said. At the core of the proposal is setting up a new company following the bankruptcy process that started in 2017. The new Alitalia would retain assets from the previous carrier, but debt wouldn’t be carried over. <br/>
