AccorHotels has renewed its interest in taking a stake in Air France KLM.
The hotel giant on Sunday (June 3) confirmed it had held talks with the airline in recent years.
Air France is partly owned by the French government, which holds a 14.3% stake.
“AccorHotels confirms having resumed its reflections on the matter, being at very early stage of assessing the feasibility and potential terms and conditions which will be discussed with Air France KLM in due time,” AccorHotels said in a statement.
“There is no certainty that these initiatives will lead to any agreement nor any form of implementation.”
Air France has been beset by strikes this year, costing the airline more than €400 million. It total, there have been 15 days of walkouts since February, driving shares in the business down 50%.
French newspaper Les Echos on Sunday reported the government was considering selling its stake and confirmed it had received interest from AccorHotels.
Reuters reports neither Air France or the French government would comment, or KLM chief executive Pieter Elbers.