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MILAN: As the new Italian government of Paolo Gentiloni hammers away at a rescue plan for beleaguered lender Banca Monte dei Paschi di Siena SpA, it's suddenly contending with another corporate crisis: the future of airline Alitalia SpA.Less than three years after Etihad, based in Abu Dhabi, bought a 49 percent stake as part of a plan to revive the Italian airline, Alitalia was notified in December by investors and creditors that it had 60 days to come up with a viable cost-cutting plan.After reaching an agreement with shareholders, including short-term financing deals with Italy's two biggest banks, Intesa Sanpaolo SpA and UniCredit SpA, Alitalia plans talks with labor unions, suppliers, aircraft-leasing companies and other partners on potential spending reductions, including a road map for job cuts, the Rome-based carrier said Dec. 22 .
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