Alitalia is Saved! But Will It Survive?

As reported here in The Gate on August 29, 2008, Alitalia, the national airline of Italy, had filed for bankruptcy.

FlyerTalk member Cris L reports that Alitalia is saved….

…but what are the details as to how Alitalia has been saved, and what are the chances of it surviving? Is Alitalia living on borrowed time?

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