Delta Refuses To Sweeten Alitalia Investment Offer

In spite of competition from German flag carrier Lufthansa, U.S. major Delta Air Lines Inc. (NYSE: DAL) remains firm in an offer to take no more than a 10% stake in a reformed Alitalia.The Italian government is seeking €1 billion ($1.1 billion) in investment to relaunch Alitalia."Delta is continuing to work with Ferrovie dello Stato (FS) and Atlantia and it can confirm that it is ready to invest up to €100 million for a 10% stake in Alitalia," a Delta spokesperson told Italian pub