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Analysis: Argentina´s Flag Carriers Devour Large Sums with No Prospect for Improvement

By Daniel Martínez Garbuno

RIO DE JANEIRO, BRAZIL -  In order to keep Aerolineas Argentinas and Austral afloat, the Argentinian government invested US$527 million between January and November 2020, says Simple Flying. This amount is the largest invested since 2015, according to data provided by the State airlines.

Aerolíneas Argentinas – the State airline

Aerolineas Argentinas was founded on December 7, 1950. The Argentinian president, Juan Domingo Perón, signed a decree and merged four existing airlines: ALFA, FAMA, Zonda, and Aeroposta.

Over its history, Aerolineas was a private company at times. But, when it had a . . .

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