Aerolineas Argentinas Returns to Argentine Hands

Retrieving one of its flagship companies, the Argentine government to renationalise the national airline, Aerolineas Argentinas, nearly 20 years after being privatised by the last time.

After a series of privatizations during the decade of 90, thanks to the presidency of Carlos Menem, in recent times there has been a re-nationalisation of companies in the country.

After several weeks of negotiations, the Spanish group Marsans agreed to sell Aerolineas Argentinas and its subsidiary Austral local government by a figure was not announced.

According to recent studies financial Airlines currently has a debt of close to $ 900 million and is estimated to lose another million dollars per day.