On today's "Sole 24 Ore", paper version, there is an interesting article that says the following:

- At the end of last week liquidity was at 0 (much worse than expected), and the airline kept going only thanks to an emergency source of €30 million (the source is not named, our tickets maybe? haha).

- Etihad and the banks have reached a preliminary agreement to save the airline and inject more liquidity for a total of €680 million within the next 18-24 months of which: 40% will be put by Etihad, 60% by the banks.

- Etihad will make a loan to Alitalia of €300 million which will not have to be paid back.

- Another €200 million will be put 49% by Etihad (98 million) and 51% by the banks (102 million).

- Lazard will have to decide how the 680 million plan will be set-up.

- 1600 people will be sacked and the new strategy will be: low-cost on short-haul and more long-haul routes. Alitalia aims at reaching the same productivity levels of staff as Ryanair by re-negotiating the contracts with pilots and flight attendants.

- John Shepley, manager of network and routes, will leave the company.