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An Italy flag flutters as an Alitalia airplane approaches to land at Fiumicino airport in Rome July 31, 2014. Italy's loss-making flag carrier Alitalia is working on a final proposal to present to Etihad on Thursday in a push to lock in an investment by the Abu Dhabi-based airline, a person close to Alitalia shareholders said on Wednesday. Etihad's plans to take a 49 percent stake in Alitalia, which has made a profit only a few times in its 68-year history, has been held up by disagreements over Alitalia's 800 million euro ($1.07 billion) debt pile, and plans for job cuts that have stoked outrage among Italian unions. REUTERS/Max Rossi (ITALY - Tags: TRANSPORT BUSINESS EMPLOYMENT) - RTR40S4R