UK Markets closed

Delta Air Lines: no intention of making a financial investment in ITA Airways at this time

·1-min read

CHICAGO (Reuters) - Delta Air Lines Inc on Wednesday said it currently has no intention of making a financial investment in ITA Airways.

The comments from a spokesperson of the Atlanta-based carrier came after Italy's government picked a bid by U.S. private equity fund Certares and backed by Air France-KLM and Delta to start exclusive talks over a majority stake in ITA Airways.

"We are delighted with the Italian Government's decision to move forward with the bid by Certares supported by Air France-KLM and Delta," the company's spokesperson said.

(Reporting by Rajesh Kumar Singh; Editing by Chris Reese)