Through Law-Decree 17 march 2020 n. 18 (article 79) the Italian Gouvernement authorised the incorporation of a new state-owned company to save Alitalia from bankrupt : Italia Trasporto Aereo with an initial capital of 20 millions euros. ITA Airways is entirely owned by the Ministry of Economy and Finance. It has been active since November 2020. See additionally: https://www.ita-airways.com/en_us/fly-ita/ita-world/about-us.html 