Aerolineas Argentinas’ President, Mariano Recalde, announced plans to put in place a reactivation project which expects to see the airline reach profitability within five years (Clarin, 25-Sep-09). The project will be presented to the Argentine Parliament for approval on 01-Oct-09.
Aerolineas Argentinas expects to reach profitability within 5 years
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CAPA Americas Summit: Argentina’s infrastructure faces hurdles in handling a wave of new entrants
Since the election of a new president in late 2015, Argentina has been cited as a rising star of Latin American aviation as the protectionist policies of the former regime began to loosen. A more aviation friendly government and Argentina’s untapped demand have drawn at least three startup airlines hoping to gain a foothold in a potentially burgeoning market.
The possible launch of three new airlines in Argentina will drastically change competitive dynamics for the country’s flag carrier Aerolineas Argentinas, which was shielded by government protection for many years and continues to bleed cash. Now that the landscape is changing, warnings for Aerolineas Argentinas to adapt to new realities are growing louder.
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