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

But Air France-KLM retains only a small shareholding inAlitalia, 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 theAlitaliastory," says Gagey.

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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 withAlitaliaandDelta Air Lines.