{"id":168439,"date":"2024-09-27T13:30:18","date_gmt":"2024-09-27T13:30:18","guid":{"rendered":"https:\/?p=168439"},"modified":"2024-09-27T21:00:31","modified_gmt":"2024-09-27T21:00:31","slug":"milei-to-sign-decree-to-privatize-aerolineas-argentinas","status":"publish","type":"post","link":"https:\/\/aviacionaldia.com\/en\/2024\/09\/milei-to-sign-decree-to-privatize-aerolineas-argentinas.html","title":{"rendered":"Milei to sign decree to privatize Aerolineas Argentinas"},"content":{"rendered":"\n

Argentina’s President Javier Milei intends to sign a decree next week aimed at the privatization of flag carrier Aerolineas Argentinas<\/strong>, said presidential spokesman Manuel Adorni.<\/p>\n\n\n\n

Milei says the current structure of Argentina’s largest airline is bloated and is costing the country too much. His efforts to trim costs have prompted fierce protests by unions.<\/p>\n\n\n\n

“Since its re-nationalization in 2008, state subsidies to cover the company’s deficits have topped $8 billion,” Adorni said in a press conference on Friday.<\/p>\n\n\n\n

\u2192 Aerolineas Argentinas announces return of night flights with Super Promo fares<\/a><\/em><\/strong><\/p>\n\n\n\n

Adorni said Aerolineas currently employs 1,204 pilots to fly 81 planes, or nearly 15 pilots per plane.<\/p>\n\n\n\n

He had said earlier in September that Aerolineas had trimmed its total workforce by 1,500 employees in recent months.<\/p>\n\n\n\n

The decree could allow Aerolineas to take steps toward privatization such as hiring banks or sounding out potential buyers, a company source said.<\/p>\n\n\n\n

However, Congress could still override Milei’s decree, as it has done several times before. Milei’s libertarian party only has a small number of seats in the legislature, though he has won over allies from the main conservative bloc.<\/p>\n\n\n\n

With information from Reuters<\/a><\/p>\n\n\n\n

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