The plan includes the unlocking of a £266m emergency government loan after unions agreed to thousands of job cuts, The Guardian reported.
Alitalia said the rescue plan would allow it to break even in 2006, with savings from 3,700 job cuts worth £191m.
It still must meet with unions to finalise details of its future structures.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies