Argentina Repurchases Aerolineas
July 22nd, 2008 Posted in business, travelWritten by Jamie
In a classic Argentine about-face, the state has decided to buy back Aerolineas/Austral Airlines.
As reported in today’s BreakingNews.ie, Argentina originally owned the airline but sold it to a Spanish company in 1991. After 17 years and 900 million in debt, the state has decided it is time to buy it back.
It is safe to say the world airline industry is getting shaken up. It will be interesting to see how this effects fares, service and scheduling. I’ll be sure to keep up on this developing story.
14 Responses to “Argentina Repurchases Aerolineas”
By dave on Aug 1, 2008
Hey LIP and LIP readers, I just got back from Bariloche, flying with Aerolineas/Air Comet and was 3 days travelling to the UK. We had a 25 hour delay in Bs As while they sourced a 747 (from Greece!), then had to reschedule the Madrid to London flight with Air Comet, a further 18 hour delay. Aerolineas provided hotels in Bs As and Madrid, but still it was a complete disaster, so be warned!! Every Argentine I spoke to warned of delays with AA and it’s so true! I was advised to use LAN Chile next time. Just to add some balance- Bariloche is fantastic!
Chau
Dave
By Patagonia on Aug 1, 2008
Dave,
Sorry to hear about your marathon travels.
Here is a link to an interesting article of flight departure times with respect to Aerolineas, written in Español.
http://www.derechodelturismo.org/informe-semestral-2008.html
Suerte, Jamie
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