Aerolineas Argentinas

Argentine Senate approves takeover of airline

Image via dondeviajar.es

BUENOS AIRES, Argentina — Argentina's Senate has given final legislative approval to a government takeover of Spanish-owned Aerolineas Argentinas.

The Senate has voted 42-20 for the takeover of the flagship airline and its subsidiary Austral Lineas Aereas.

The two are owned by Grupo Marsans of Spain, which says the government is setting too low a price for Aerolineas Argentinas SA.

Marsans has controlled both airlines since 2001.

Wednesday's vote follows approval by the lower house of Congress.

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