Support The Moscow Times!

Aeroflot Denies Interest in Alitalia Bailout

State controlled national carrier Aeroflot on Friday ruled out buying or aiding stricken Italian carrier Alitalia, which is seeking a cash injection to keep flying.

"Aeroflot does not plan to buy Alitalia, nor will it participate in any way in its financing," a representative of the Russian flag carrier said.

Alitalia's top shareholder, Air France-KLM, on Thursday spurned a plea for cash to rescue Alitalia, saying a new business plan would be insufficient without a write-off of some of its huge debts.

Alitalia, which was privatized in 2008, has been unprofitable for more than a decade and has been stuck in a months-long tussle with Air France-KLM over whether to keep their strategic and financial partnership alive.

Aeroflot has repeatedly been named by Italian officials as a potential backer of Alitalia, but has never publicly confirmed its interest.

Italian officials say they hope they can still find another international airline to invest and save the carrier, but time is running out after Air France-KLM walked away from the 300 million euro ($403 million) call for more cash.

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more