UK LCC easyJet has revised its expression of interest in Italian flag carrier Alitalia, acting together with unnamed consortium partners.

EasyJet has remained tight-lipped on the Alitalia bidding process, but as a stock-exchange listed company it is obliged to disclose any significant updates.

On April 10, easyJet told the market: “EasyJet has today submitted a revised expression of interest for a restructured Alitalia, together as part of a consortium, consistent with easyJet’s existing strategy for Italy. Given the nature of the process, the content of the expression of interest is subject to confidentiality.”

In keeping with normal market rules, easyJet cautioned that—at this stage—there is no certainty of the transaction proceeding.

“EasyJet will provide a further update in due course if and when appropriate,” the LCC said.

Air France-KLM has been repeatedly linked to a joint bid with easyJet for Alitalia, but has denied the reports.

Previously, Lufthansa has also confirmed an expression of interest in acquiring parts of Alitalia. US investment fund Cerberus Capital Management was also in the mix of potential investors.

Alitalia entered the Italian equivalent of Chapter 11 bankruptcy proceedings in May 2017. The deadline for binding offers was Oct. 16, but the timelines for the process have since been delayed.

Victoria Moores