September 16, 2019 / 5:06 PM / a month ago

Italy postpones deadline for Alitalia rescue plan to October 15

MILAN (Reuters) - Italy’s industry ministry said on Monday it had postponed a deadline to present a rescue plan for Alitalia to Oct. 15, with sources saying the rescuers were at odds on key aspects of the proposal for the loss-making carrier.

Italian state-owned railway group Ferrovie dello Stato, U.S. airline Delta (DAL.N) and infrastructure group Atlantia (ATL.MI) have been discussing how to revive Alitalia for two months and were expected to present a binding proposal by Sept. 15.

The delay, the sixth since Ferrovie expressed its interest in investing in the carrier, means Alitalia will remain under special administration.

Two sources close to the matter told Reuters the Italian partners in the consortium and Delta did not see eye to eye over the development of Alitalia’s routes in North America and the need to inject more money in the carrier in the long term.

A possible management reshuffle at Atlantia could also complicate the rescue plan for a carrier that has already been through two unsuccessful rescues.

Reporting by Giuseppe Fonte and Francesca Landini, editing by Stephen Jewkes and Deepa Babington

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