Submit Press release  eTN Team ·  Advertising  ·  eTN Awards  - Worldtourism Events    

Aerolineas Argentinas

Argentine Senate approves takeover of airline

AP  Dec 17, 2008

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.

Argentine Senate approves takeover of airline
Image via

Premium Partners