"We are discussing several options... for sure not the possibility of giving more time to the consortium ... that option does not exist anymore," Stefano Patuanelli told a parliamentary hearing.
Ferrovie has been in talks for months over the rescue of Alitalia together with infrastructure group Atlantia and U.S. carrier Delta Air Lines.
(Reporting by Angelo Amante; writing by Francesca Landini; Editing by Crispian Balmer)