Advertisement
Singapore markets close in 2 hours 4 minutes

  • Straits Times Index

    3,306.45
    +33.73 (+1.03%)
     

  • Nikkei

    38,460.08
    +907.92 (+2.42%)
     

  • Hang Seng

    17,208.82
    +379.89 (+2.26%)
     

  • FTSE 100

    8,044.81
    +20.94 (+0.26%)
     

  • Bitcoin USD

    66,764.74
    +357.71 (+0.54%)
     

  • CMC Crypto 200

    1,416.90
    -7.20 (-0.51%)
     

  • S&P 500

    5,070.55
    +59.95 (+1.20%)
     

  • Dow

    38,503.69
    +263.71 (+0.69%)
     

  • Nasdaq

    15,696.64
    +245.33 (+1.59%)
     

  • Gold

    2,339.50
    -2.60 (-0.11%)
     

  • Crude Oil

    83.65
    +0.29 (+0.35%)
     

  • 10-Yr Bond

    4.5980
    -0.0250 (-0.54%)
     

  • FTSE Bursa Malaysia

    1,569.25
    +7.61 (+0.49%)
     

  • Jakarta Composite Index

    7,161.14
    +50.32 (+0.71%)
     

  • PSE Index

    6,581.22
    +74.42 (+1.14%)
     

Italy confirms talks with Delta, EasyJet for Alitalia stake

Italy's state railway has confirmed it is in talks with Delta Air Lines and EasyJet as possible industrial partners in relaunching the troubled Alitalia airline

Associated Press

MILAN (AP) -- Italy's state railway has confirmed it is in talks with Delta Air Lines and EasyJet as possible industrial partners in relaunching the troubled Alitalia airline.

The state railway was given a lead role in taking over Alitalia, which struggled amid competition from low-cost carriers and has failed to come up with a sustainable plan to establish Italy's flagship airline as a long-haul player.

Italian Premier Giuseppe Conte's office said in a separate statement on Wednesday that it is ready to participate in establishing a new company to run Alitalia as long as the new business plan is sustainable and follows European guidelines.

Italy's government has been shopping around Alitalia's assets since the airline declared its latest bankruptcy two years ago.