Delta Air Lines Inc. and U.K. discounter EasyJet Plc may invest as much as 400 million euros ($452 million) in the latest attempt to revamp struggling Italian airline Alitalia SpA, Bloomberg News reported. Investors in a group led by rail operator Ferrovie dello Stato SpA are evaluating the financial needs of the “new Alitalia” that would emerge after the second bankruptcy process in a decade. Under consideration: a capital injection by investors totaling about 1 billion euros. The plan will be discussed with Delta and EasyJet this week and could be finalized by the end of February. At the core of the proposal is setting up a new company following the bankruptcy process that started in 2017. The new Alitalia would retain assets from the previous carrier, but debt wouldn’t be carried over.
