Air France denies involvement in bid to take over Alitalia

Air France denies involvement in bid to take over Alitalia

An Alitalia Airbus A320-216 aircraft is seen at Zurich Airport Jan 9, 2018. (Photo: Reuters/Arnd Wiegmann)

PARIS: Air France on Saturday (Jan 13) denied that it had made an offer to buy the struggling airline Alitalia, a day after an Italian government minister said the French flag carrier had made a joint bid with budget airline EasyJet .

Italian Industry Minister Carlo Calenda on Friday said separate offers had been presented by US private equity fund Cerberus and Germany's Lufthansa, as well as a joint Air France-EasyJet bid.

But in a statement, Air France said it had not taken part in the process launched by the Italian authorities.

"Air France-KLM denies having made an offer to take over Alitalia," Air France said in a statement.

Heavily indebted Alitalia, which has only turned a profit a few times in its 70-year history, was put under special administration last year after its staff rejected a plan to cut jobs and salaries.

Source: Reuters/zl

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