Air France-KLM Group Chairman and CEO Jean-Cyril Spinetta said Air France will not participate in Alitalia's planned €1.2 billion ($1.57 billion) capital increase, Reuters reported. "The question has not been put [to us]. The subject is not on the table at all," Spinetta told the Anglo-American Press Assn. in Paris. AF has about 2% of Alitalia and Spinetta sits on the board of the Italian airline.

Subscribe to Access this Entire Article

"Printer-friendly" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.