In response to recent rumors, Air France-KLM says it is not making a bid for struggling Alitalia.
The French-Dutch company released a statement to that end: “The Air France-KLM group would like to confirm that it has taken no part in the process launched by the Italian authorities to take over Alitalia. As such, the group has not had access to any confidential information. Air France-KLM denies having made an offer to take over Alitalia.”
Meanwhile, Lufthansa CEO Carsten Spohr believes if his company were to step in, significant restructuring would need to take place.
Alitalia began bankruptcy proceedings in May 2017 after employees voted against plans to cut jobs and salaries that would have freed up income for the airline.
Gulf airline Etihad had a 49 percent stake in Alitalia, but said it is not prepared to invest more without the support of all stakeholders.
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