EasyJet pulls out of Alitalia rescue

EasyJet has withdrawn interest to form a consortium with Delta Air Lines and Ferrovie dello Stato, an Italian state-owned railway company, to explore options for the future operations of Alitalia.

The parties have been in negotiations over a rescue plan for Alitalia whereby Delta and easyJet considered buying up to 40% of the airline, with FS Italiane taking a 30% stake. 

In a statement, the airline said it would remain committed to Italy as a key market, where it carries 18.5 million passengers per year, and where it employs 1 400 pilots and crew on local contracts. “We continue to invest in the three bases in Milan, Naples, Venice, as we have done by basing additional aircraft in Venice and Naples last summer,” the statement concluded.

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