MILAN (AP) — Low-cost carrier EasyJet says it is pulling out of talks to form a consortium that aimed to take over struggling Alitalia.
EasyJet said in a statement Monday that it was withdrawing from the process, which envisioned a deal with Delta Air Lines and the Italian State Railway to relaunch Alitalia.
EasyJet said that it “remains committed to Italy, as a key market for the company, where it currently carries 18.5 million passengers every year and employs 1,400 pilots and crew, all on local contracts.”
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The Italian government has been looking to find a buyer for Alitalia since it declared bankruptcy two years ago.
Alitalia has struggled amid competition from low-cost carriers and has failed to come up with a sustainable plan to establish Italy’s flagship airline as a long-haul player.
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