Ferrari president Luca di Montezemolo has rejected claims he could be set to quit the red machine.

Italian national airline Alitalia’s chief executive Gabriele Del Torchio announced last week that he was ready to leave the airline in the wake of a rescue deal with Abu Dhabi’s Etihad Airlines.

Reports immediately surfaced that Montezemolo had already decided to leave Ferrari in order to the Alitalia.

Etihad, who bought nearly nearly half of Alitalia, has solid links to Formula One and Montezemolo, including sponsorship of the Ferrari team.

However, Spain’s El Mundo Deportivo have reported that when asked for comment, Montezemolo rejected the speculation saying, “after my family, there is nothing more important than Ferrari”.

The same report detailed that Montezemolo had been “instrumental” in the Alitalia-Etihad merger, and that the Ferrari boss is not ruling out joining the board with a non-executive role that “does not interfere” with his responsibilities at Ferrari.

Montezemolo insists however, that there are no such plans and that he remains committed to Ferrari.

Only tell will tell.