Financial Times FT.com

Lufthansa and Air France eye Alitalia stakes

By Guy Dinmore in Rome, Gerrit Wiesmann in Frankfurt and Kevin Done in London

Published: September 26 2008 21:22 | Last updated: September 26 2008 21:22

Lufthansa and Air France-KLM are considering taking a minority stake in the Italian consortium that is seeking to rescue Alitalia from bankruptcy, representatives of the consortium said on Friday.

Alitalia, Italy’s lossmaking flag carrier, has gone from near-bankrupt outcast to an interesting proposition for both airlines following progress in persuading Alitalia’s nine unions to accept 3,250 redundancies and pay cuts.

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