Argentine Airlines It has been on the government’s agenda since it took office in order to privatize it and allow private capital to generate profits with it. However, the opposition refused to vote for its dismantling and it is still the subject of scandals.
Argentine Airlines It has had a great performance in recent years and has made use of its surplus to be able to operate. Despite the good performance of its management, the truth is that the government continues with its plans to sell it to the highest bidder.
The negotiations for flag line have escalated so much that recently the governor of the province of Buenos Aires, Axel Kicillof has mentioned that he would not allow the company to be scrapped and that he could take charge of it if necessary.
“If the government wants to sell the company, the province is not going to allow it”
The plan of the president of the province of Buenos Aires is to buy a large share package and involve other provinces in order to sustain it over time.. In this way, it is prevented from being “mis-sold”, which has already happened before.
The maneuver proposed by Kicillof has already been questioned by senior government officials who have mentioned their criticism of this movement. The Minister of Economy mentioned that it is a “political fund” that has only functioned for the purposes of the government in power.
“The province proposes that if there is an intention to transfer, we will start a path with governors and workers: we will also work with the airline and tourism sector because we believe it is one of the best in the world”
At the moment, there is an underlying tension between the government and the provinces, as it has been mentioned that they wanted to liquidate the company to the highest bidder. With the new modality, it is expected that the participating provinces will benefit from the resources generated by the national airline.
Criticisms for and against
Argentine Airlines It has reached a point that has caused a division in society, as a large number of people have taken one side or the other. There are those who mention that it is a waste of money, while others appeal to nationalist sentiment.
Be that as it may, there are several national officials who have highlighted the need not to sell the company since it has shown great returns in recent years. The sale would respond to an ideological strategy rather than a political one.
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