Cristina Fernandez

An Expensive Flag Carrier

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The only state-run airline that is a member of a global alliance: SKYTEAM.
The only state-run airline that is a member of a global alliance: SKYTEAM.

BUENOS AIRES, Argentina. — On March 18th 2013, an article by Francisco Olivera in the Argentinian newspaper LA NACION, declared  the government will have to funnel up to $574 million dollars in order to keep the airline running during 2013. Since July 2008, when the Argentinian government took over the ill managed flag carrier and nationalized it, Buenos Aires has given up to $3566 million dollars. Interestingly enough this monumental aid equals to three times the value of American Airlines ($1009 million dollars) and just a little bit more of the value of the French flag carrier Air France ($3200 million dollars). Aerolineas Argentinas is the only state-run airline in Latin America that is part of a global alliance (DELTA’s Skyteam), but just after 5 years,  a very expensive flag carrier for the populist government of Cristina Fernandez.