The Spanish travel company Marsans agreed to sell they stake in the airline Aerolinas Argentinas to the Argentine government. According to Reuters, the sale comes after an extended period of problems with the airline including strikes, complaints about poor service, wage delays, and debt. Aerolineas currently runs 80 percent of all domestic flights, making it an important service for Argentines as well as traveling foreigners. In order to aid the airline, the government paid 16 million dollars in unpaid wages to keep flights going. In the next 90 days, Marsans and the government will discuss the selling price as well as what to do with the company’s debt.
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[...] have been talks over the last several weeks of Argentina nationalizing Aerolineas Argentinas, and now the sale is finalized. Marsans, the Spanish company that owned the airline, sold it to [...]
[...] a lot on the last several months, and at the moment the Argentine senate is discussing how to re-nationalize the business. Despite the changes within the business—or perhaps because of them—Aerolineas is [...]