It's practically done. Only problem is, right now I can't find any image of the starboard side, so it's pure guessing how they painted it. Could be Bornin2021 or Bornin2021 (following the mil rule that flags on moving vehicles are always facing backwards) or something entirely different. I'll probably wait until more images surface...
I'll gladly take it.
I've been flying Alitalia in real life quite a lot (including some long-time gone aircraft like 742, DC-9 or MD80).
So, out of sentiment, I am excited by it. Plus the repaint is looking great, like anything from you.
Die hard Alitalia Fans will be pleased to know that there's a good chance ITA will keep flying with Alitalia branding. As Matt mentioned, this livery might ultimately be repainted back to Alitalia colors. We'll see...