Emirates denies Alitalia interest
Dubai, May 24, 2008
Dubai airline Emirates has said it was not interested in taking part in a possible bid for Italy's struggling Alitalia.
'We are not interested,' a spokeswoman said. 'We are focused on our own organic growth.'
Italian dailies Corriere della Sera and Il Messaggero on Friday cited market rumours that Emirates was in touch with a group of investors being brought together by an adviser to Prime Minister Silvio Berlusconi for a possible bid.
The adviser, Bruno Ermolli, is working on a rescue plan for Alitalia which would involve a group of investors buying into the airline, which the government has repeatedly failed to sell.
Emirates' name has popped up in the Italian Press in the past as a possible investor in Alitalia and last September it denied reports it could invest in the airline along with a group of African banks, US and Chinese funds and an Italian partner.