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Benzinga
Benzinga
Business
Shivani Kumaresan

Delta, Air France-KLM Express Interest In ITA Airways: Reuters

ITA Airways DAL Italy
  • Delta Air Lines Inc (NYSE:DAL) and Air France-KLM (OTC:AFRAF) have expressed interest for a majority stake in ITA Airways, Reuters reported.
  • The expression of interest was presented to Italy's government in a letter, with another international fund also expressing the same.
  • The move comes after Germany's Deutsche Lufthansa AG (OTC:DLAKF), along with shipping group MSC, showed interest in ITA airways.
  • Italy's audit court approved a government decree last week detailing ways to sell stakes in ITA Airways, paving the way to give potential suitors access to data on the company.
  • Price Action: DAL shares are trading lower by 1.56% at $32.25 in premarket on the last check Thursday.
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