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Italy's Conte calls on Delta to commit more to Alitalia
Delta Air Lines should consider increasing its planned investment in the rescue of Alitalia, Italian Prime Minister Giuseppe Conte said on Saturday as talks over the relaunch of the Italian flagship carrier drag on. The U.S. airline is part of a group of investors led by Italian railway group Ferrovie dello Stato behind a possible rescue of the loss-making airline. The potential investors, which also include infrastructure group Atlantia and Italy's treasury, plan to create a new company… (www.yahoo.com) Altro...
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A 10% stake in Alitalia doesn't really seem like much..but then again delta itself is a mixed bag from the takeover of northwest,and even after a few years, they are straigtening things out..i can see the italians wanting a bigger investment as delta is a recognized world brand,and they could advertise "partnering" with delta airlines..certainly they wouldn't want them to be a "silent" partner!
Delta did the same thing with Pan Am. Pan am was going bankrupt and Detla stood up and was like lets help and gave them a cash injection. Then later after own most of their stock they said they werent helping them out anymore and then basically took over there routes over the Atlantic.
