November 26, 2019 / 10:43 AM / 10 days ago

Ferrovie-led rescue no longer an option for Alitalia: minister

FILE PHOTO: An Alitalia airplane is seen before take off from the Leonardo da Vinci-Fiumicino Airport in Rome, Italy, June 21, 2018. REUTERS/Stefano Rellandini/File Photo

ROME (Reuters) - Italy is considering several options to save Alitalia [CAITLA.UL], but selling the struggling carrier to a consortium led by railway group Ferrovie dello Stato is no longer an alternative, the industry minister said on Tuesday.

“We are discussing several options... for sure not the possibility of giving more time to the consortium ... that option does not exist anymore,” Stefano Patuanelli told a parliamentary hearing.

Ferrovie has been in talks for months over the rescue of Alitalia together with infrastructure group Atlantia (ATL.MI) and U.S. carrier Delta Air Lines (DAL.N).

Reporting by Angelo Amante; writing by Francesca Landini; Editing by Crispian Balmer

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