The above 400M is most probably about this "loan", agreed by the Italian Senate on 1th Febr 2020:sn26567 wrote: ↑29 Feb 2020, 16:22EU launches antitrust probe into Italy loan to Alitalia
BRUSSELS — The European Union’s antitrust watchdog said Friday that it has launched an investigation into a loan of 400 million euros from the Italian government to national airline Alitalia to establish whether the money is illegal state aid.
https://www.nytimes.com/aponline/2020/0 ... probe.html
In total, the Italian state now has given Alitalia € 600M + € 300M + € 400M = € 1,3bn. Italian aviation is going to suffer upmost from the coronavirus, making it even more impossible for the airline to refund the three loans. Alitalia's administrators therefore should do what every private company has to do with such negative prospects: throw in the towel.