Mar 18, 2019

EasyJet withdraws from proposed Alitalia consortium

Easyjet has abandoned talks to join a consortium that would have bid for Italian carrier Alitalia. The budget airline had been considering teaming up with Italy's state-controlled railway Ferrovie dello Stato Italiane and Delta Air Lines of the US. Alitalia was went into administration in May 2017 after workers rejected a plan to cut jobs and salaries. The three parties had entered discussions in February about potentially forming a consortium, although at the time Easyjet said it was not certain whether a transaction for Alitalia would materialise. Rome-based Alitalia has been the recipient of a £789m state loan and has been looking for international partners to keep it in business. Irish budget airline Ryanair had expressed an interest in Alitalia shortly after it entered administration two years ago, but quickly said it was dropping the idea.

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