Aristide Police, the chairman of Alitalia observed on Friday that the plan for Alitalia's future has not been constructed around a condition of bankruptcy or by putting debts into a separate entity. On the other hand, in a move to assist the ailing airline, Intesa Sanpaolo is exploring a new rescue strategy, which ultimately failed to find a buyer when it was put up for sale by the government 18 months ago.

According to newspapers, the plan by Intesa Sanpaolo might call for a change to one of the bankruptcy laws of Italy or putting the debts of Alitalia into a separate "bad company" to bring the investments into the activities related to the daily operation. However, according to the Transport Minister Altero Matteoli, the time is not yet ripe for talking about changes to financial failure laws with respect to Alitalia, even before Intesa Sanpaolo presenting its plan.

Highlighting the sidelines of the conference, Police observed while talking to journalists, "I stand by the statement of the minister who spoke of a solution around continuing the business."

Claudio Scajola, the Industry Minister told on Wednesday that the law would be modified to address the condition of "some big companies in crisis," but Matteoli told that the government was ready to wait until Intesa Sanpaolo had submitted its work after completion.

Intesa Sanpaolo is expected to complete its plan by early next month for the benefit of Alitalia, which is losing more than a million euros a day. Most notably, the shares of Alitalia have been suspended from trading for about a month.