October 17, 2019 / 10:00 AM / a month ago

Lufthansa willing to take stake in Alitalia: Italian source

FILE PHOTO: A view of the Alitalia Airbus A330-200 plane ahead of Pope Francis' departure from Fiumicino Airport to begin his visit to the African nations of Mozambique, Madagascar and Mauritius, in Rome, Italy September 4, 2019. REUTERS/Remo Casilli/File Photo

ROME (Reuters) - German carrier Lufthansa (LHAG.DE) has expressed its willingness to take a stake in Alitalia [CAITLA.UL], an Italian source close to the matter said on Thursday.

The size of the investment is still unclear, the source said, adding Lufthansa favored a solution that would give private shareholders majority ownership of the Italian carrier.

The willingness of Lufthansa to take a stake in Alitalia could change a rescue plan that has been under discussion for months and which was expected to involve state-owned Ferrovie dello Stato, infrastructure group Atlantia and U.S. carrier Delta Air Lines (DAL.N).

Reporting by Stefano Bernabei; writing by Francesca Landini

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