This airline has staggered on for many moons and might well do so for a bit longer. What seems highly likely is that they will join Sabena and Swiss as carriers that failed to reconstruct themselves for the 21st Century. There is no telling whether it will fold in one week or three months or ...
There will probably be a bid from an Italian consortium hurriedly put together to keep it Italian. The govt will have to decide on the short and long term options, in the same way that they have failed to consider them in the past.
