By Cristina Roca

Air France-KLM said Wednesday that it isn't planning on investing in ITA Airways' capital as part of a potential deal to privatize the Italian flag carrier.

"Air France-KLM Group could consider in the medium term to take a minority stake in ITA," it added.

The Italian Finance Ministry said earlier on Wednesday that a joint bid by the Franco-Dutch airline, Delta Air Lines Inc. and investor Certares Management LLC would enter exclusive talks to take control of ITA, the successor to Alitalia.

Air France-KLM said both itself and Delta are commercial partners in the consortium, while Certares--which leads the consortium--is an equity partner.

Write to Cristina Roca at cristina.roca@wsj.com

(END) Dow Jones Newswires

August 31, 2022 11:26 ET (15:26 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
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