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Italy set to grant funds to keep Alitalia afloat: source

Italy is set to free up funds for loss-making airline Alitalia on Monday as Rome struggles to find investors to keep it afloat, a political source told Reuters. After a group of potential rescuers backtracked in November, Alitalia is expected to run out of money by the end of the year, putting at risk 11,600 jobs and creating a major headache for the government. The ruling coalition of the anti-establishment 5-Star Movement and centre-left Democratic Party (PD) will approve later on Monday an emergency decree to ensure services provided by Alitalia continue regularly, the PM’s office said. The decree is intended to unblock an already planned E400m loan, the source said. The funds had previously been linked to the success of November’s rescue talks.<br/>