Air France-KLM is waiting to see how developments at embattled Alitalia affect the North Atlantic joint venture, following the Italian carrier's filing for extraordinary administration.

But Air France-KLM retains only a small shareholding in Alitalia, and chief financial officer Frederic Gagey pointed out, during a first-quarter briefing, that a number of previous co-operative ties between the two have ended.

"We're mainly a spectator of the Alitalia story," says Gagey.

He says there is "not yet clear information on the position from the administrator" regarding the joint venture on the North Atlantic, in which Air France-KLM is a partner with Alitalia and Delta Air Lines.

Source: Cirium Dashboard