EasyJet (LON:EZJ) announced on Thursday that it has entered in discussion with Delta Air Lines and Ferrovie dello Stato Italiane to form a consortium to rescue carrier Alitalia.

Ferrovie dello Stato is Italy’s state controlled railway. It will start negotiating with the two airlines to form a rescue plan for struggling Italian carrier, Alitalia.

Alitalia has been under special administration since 2017. This is following the rejection of a rescue plan by workers, preventing the airline from raising new financing from its shareholders. The Italian airline currently has a £789 million state loan, but it is seeking international partnerships in order to survive.

Italy’s Ferrovie dello Stato announced a statement outlining that both Delta and EasyJet had confirmed their interest in forming a rescue deal with the railway group. Delta confirmed that it has submitted a “general and non-binding letter of interest” to Ferrovie dello Stato. Though EasyJet did release a statement confirming its interest, it has emphasised that there was “no certainty at this stage that a transaction will proceed”.

German airlines group Lufthansa also expressed interest in rescuing Alitalia in January. It held talks to acquire a majority stale in the airline, expressing interest to fully take over the company long-term.

Last November, EasyJet revealed that it had seen a successful year, with annual profits growing in-line with expectations. Equally, results indicated that 88.5 million passengers flew with the low-cost airline throughout the year. It was heavily hit, however, by the recent drone-induced chaos at Gatwick. The Gatwick drone sightings cost the airline £15 million. This is split between £10 million in customer welfare costs and a £5 million loss in revenue. Despite the financial hit of the drone sightings, EasyJet’s trading update expressed positive news and confidence amid the UK’s uncertain departure from the European Union.

At 09:56 GMT Thursday, shares in EasyJet plc (LON:EZJ) were trading at +0.62%.

Though the market is still closed in the US, shares in Delta Air Lines Inc. (NYSE:DAL) closed yesterday trading at +1.04%.