Rail company says more work needed on Alitalia strategy

Italian railway company Ferrovie dello Stato (FS) said more work is needed to develop a sustainable business strategy for Alitalia. FS has said it is ready to invest in Alitalia and potential partner Delta is considering how it can work with the rail company to turn it around. FS CE Gianfranco Battisti had previously promised to present an industrial plan for the carrier before Easter. “Ferrovie dello Stato is proceeding with talks with a limited number of industrial players in order to set out the conditions for forming a limited company to be a candidate to take over Alitalia’s assets,” FS said in Wednesday. The company did not give further details about the identity of other potential investors, but Italian media have named China Eastern Airlines and Italian shipbuilder Fincantieri as possible partners. <br/>