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Old March 13th, 2005, 08:20 AM   #1
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✈ | 4M/8R/AR™/AU/OY | Argentinian-Based Airlines

Argentina Airline Union Protests Lan Accord With LAFSA
11 March 2005

BUENOS AIRES (Dow Jones)--The Argentine Association of Airline Workers called for a boycott of Chilean airline Lan (LFL) Friday to protest the company's agreement with the Argentine government to absorb all workers of state airline LAFSA.

After holding a press conference at Jorge Newbery, the Buenos Aires airport that is the hub for domestic flights, workers partially blocked the riverside highway that leads into the airport. The protesters lit flares and banged drums as cars maneuvered around the workers.

"Yesterday, President (Nestor) Kirchner called a boycott against Shell," said one unidentified union leader, shortly before the workers exited the building to block the road. "Lan Chile also hurts all Argentines. We're going to boycott Lan Chile. Boycott Lan Chile!"

On Friday morning, Argentine government officials and Lan executives announced that the Chilean airline has agreed to absorb LAFSA workers and will also guarantee operations and employment at troubled private carrier Southern Winds. Lan added that it is in negotiations with a third, still-unnamed Argentine airline to acquire that carrier. The Chilean company said its new holding, Lan Argentina, will have 51% private capital from Argentina.

The airline workers said Friday that Lan is seeking control of the domestic airline industry and that workers' rights would be trounced on, despite government promises to the contrary. Lan said it isn't buying LAFSA but rather allowing that airline's workers to join Lan Argentina if they desire.

Ricardo Frecia, the union's secretary general, said the union demands to know more about the holder of the 51% stake in Lan Argentina and who the company's future directors would be.

"We will not allow ourselves to be used as an excuse for these agreements that appear at night and where we have no idea where they're taking us," Frecia said.

LAFSA was formed in July 2003 to employ 800 former workers of defunct airlines Lapa and Dinar. The state airline never had any airplanes or infrastructure of its own. The government brokered an agreement with Southern Winds where the state would subsidize the private airline's fuel costs in exchange for infrastructure-sharing rights for LAFSA. Officials decided not to renew that 18-month accord in early March after Southern Winds became embroiled in a drug-trafficking scandal.

Kirchner travels to Chile next week, where he and his counterpart, Ricardo Lagos, are expected to focus on natural gas shipments to Chile.

- By Wailin Wong, Dow Jones Newswires
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Old March 17th, 2005, 03:42 PM   #2
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Argentina's Southern Winds Airline Files For Bankruptcy
16 March 2005

BUENOS AIRES (Dow Jones)--Private Argentine airline Southern Winds has filed for bankruptcy - one month after it became mired in a drug-trafficking scandal.

A company representative confirmed that Southern Winds made the bankruptcy filing in a local court in Argentina, but declined to provide more details. The decision comes less than a week after Chilean airline Lan (LFL) reached an agreement with the government to guarantee Southern Winds operations and jobs for 90 days.

The Argentine airline ran into financial problems after the government decided in late February not to renew an 18-month agreement that had provided Southern Winds with about 8 million pesos ($1=ARS2.92) in fuel subsidies. In return for the subsidies, Southern Winds had agreed to share infrastructure with state airline LAFSA, which housed former workers of now-defunct Argentine carriers but had no planes of its own.

The government distanced itself from Southern Winds after local media broke the news that a September flight to Madrid had carried four suitcases containing 60 kilograms of cocaine. The drug-trafficking scandal, which is continuing this week with court testimony from senior Southern Winds executives, resulted in the dismissal of top officials at the National Aeronautical Police and Air Force.

A week ago, local media reports said Southern Winds was practically out of fuel and that the company contracted to manage its electronic reservations system had also suspended its service. That same week, Lan said it would guarantee Southern Winds' operations, as well as absorb all LAFSA workers into its new local unit, Lan Argentina.
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Old May 13th, 2005, 08:16 PM   #3
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Aerolineas Argentinas To Start Peru Subsidiary -Reports
13 May 2005

LIMA (Dow Jones)--Argentine airline Aerolineas Argentinas plans to start a subsidiary in Peru, to be known as Aerolineas del Peru, various reports said Friday.

The initial investment will be $10 million and flights will start as soon as legal requirements are met, company president Antonio Mata told newspaper El Comercio.

He estimated that local flights could start within three or four months, and international flights by the end of the year.

Aerolineas Argentina, controlled by Spain's Marsans group, would initially take 49% of the local subsidiary, while the rest will be owned by local investors.

A unit of Chilean airline Lan (LFL) is the largest airline in Peru, but a recent bout of bad publicity - tied to an inflight video showing Lima as a squalid, poverty-stricken city - has increased calls from various Peruvian politicians for greater competition in the airline sector.

Lan apologized for the showing of the almost decade-old inflight video on various flights.

"The project to set up Aerolineas del Peru was programmed for 2006, but in light of the tense relationship between the Peruvian people and the largest operator in the market, an opportunity has opened up in the market," Mata was quoted as saying.

Various other airlines are reported to be interested in tapping into Peru's vibrant tourism market.

The Peruvian government is also promoting the sale of a stake in state-owned airline TANS to Air China Ltd. (0753.HK). reports have said.
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Old May 19th, 2005, 05:07 AM   #4
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Aerolineas Argentinas on guard for LAN's arrival
By Cesar Illiano and Damian Wroclavsky

BUENOS AIRES, Argentina, May 18 (Reuters) - Argentina's flagship airline, Aerolineas Argentinas, is armed and ready for a good fight.

Antonio Mata, president of the carrier acquired by Spain's Marsans group in 2001, said his firm will defend its turf from newcomer LAN Argentina, affiliate of Chile's successful LAN Airlines , when it begins operations on June 8.

"We're not going to let anyone displace us easily," Mata told Reuters in an interview on Wednesday.

The Spanish executive has brought the airline back from near bankruptcy and expanded operations while a host of smaller competitors dropped by wayside. Aerolineas now has 90 percent of the domestic flight market.

Mata warned, however, that the battle could get ugly if the Chilean rival does not work the less-profitable domestic routes and focuses solely on high cash-earning flights.

"The government has given me its guarantee that it won't let any new operator install itself in the country without attending to social demands for routes in regions where there are losses ... If these aren't distributed proportionally, then obviously there are going to be problems," he said.

Argentine airline regulations do not force companies to fly specific routes but the government is keen on guaranteeing air links for sparsely populated, remote regions from icy Patagonia to the northern jungles.

Mata said his firm would exploit what he calls its "commitment to the country" to gain the upper edge against its competitor in public opinion.

"They (LAN) consider Argentina a market. We consider it our country, our homeland," said Mata, stressing that Aerolineas has a long history linking it to the Argentine people.

EVITA'S SHROUD

Mata himself has gone to great lengths to build affinity with the Argentines. Last year he bought the funeral shroud of Evita Peron in an auction and donated it to the Argentine Congress in an emotive ceremony.

LAN, on the other hand, has irked nationalists by referring to "Falklands" instead of "Malvinas" for the British-ruled South Atlantic islands Argentina claims as its own.

Aerolineas is one of Argentina's 20 largest companies with over 50 airplanes -- LAN Argentina will have two planes initially and build up to 12 by year-end. Last year, Aerolineas posted earnings of $49 million, matching the 2003 profit as higher oil prices offset a 40 percent jump in sales.

This year, the carrier expects a 20 percent rise in sales to 3.2 billion pesos ($1.1 billion) on expectations that demand for air travel will grow 19 percent as the economy recovers from a grueling four-year recession.

Meanwhile, LAN Argentina told Reuters on Tuesday it aims to grab a 14 percent market share this year, initially with domestic flights and expanding to international routes in a second phase.

The targeted market share is equivalent to the percentage left unattended by the state-run airline Lafsa in conjunction with Southern Winds, which has reduced operations amid a cocaine trafficking scandal.

LAN Argentina will absorb 800 LAFSA employees.

Marsans created a new airline in Peru and has similar plans for other Latin American countries with the aim of becoming the region's No. 1 airline in five years.

After having lived through Argentina's traumatic economic crash in 2001-2002, Mata considers himself a veteran in a country where foreign investors frequently complain of unstable government rules.

"I've seen it all. I've been in Argentina for four years and nothing surprises me anymore. That's why I say, let LAN Chile come, let them come but they should come to work for real."
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Old June 3rd, 2005, 08:18 PM   #5
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Argentina Austral To File Complaint Vs Govt On Lan Routes
3 June 2005

BUENOS AIRES (Dow Jones)--Austral, a subsidiary of Argentine flagship carrier Aerolineas Aerolineas (AR.YY), will pursue legal action against the government for granting two Buenos Aires-Montevideo routes to the Argentine unit of Chile's Lan (LFL).

Austral said in a Friday press statement that it plans to file a g/igv complaint against the Undersecretariat of Commercial Air Transport for "unequal treatment in granting routes" to Aero2000, the local company that is 49% owned by Lan.

According to Austral, the government resolution granting the two routes in question to the company explicitly forbids "the incorporation of new transporters" and "considers the incorporation of a new concessionaire for the Montevideo route inconvenient for the time being."

Austral was awarded the Buenos Aires-Montevideo-Asuncion and Buenos Aires-Montevideo-Posadas routes in December 2003 after a public tender. Last month, the government granted a 15-year concession for a Buenos Aires-Montevideo route to Aero2000 without a public hearing process.

Lan arrived in Argentina in March, absorbing workers from former state-owned airline LAFSA and guaranteeing operations at bankrupt private carrier Southern Winds for 90 days. The Chilean company's entrance into the country was met with resistance from some industry players and lawmakers, who said Aero2000 was nothing more than a paper company that allowed Lan to meet a local ownership requirement. Aero2000 had no routes, airplanes, significant staffing or other operations before it was acquired by the Chilean carrier.

Aerolineas Argentinas has had a long-running feud with the Undersecretary of Commercial Air Transport, Ricardo Cirielli, a former union leader who led months of strikes and airline protests. The government owns a 1.34% stake in Aerolineas Argentinas and has asked the courts to reject the company's 2003 financial results, a case that is still pending.
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Old July 7th, 2005, 07:18 AM   #6
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Argentina Airport Operator Cuts Shr Offering To 25% Float
5 July 2005

BUENOS AIRES (Dow Jones)--Local airport operator Aeropuertos Argentina 2000 plans to float 25% of its share capital on the Buenos Aires stock exchange after it locks in a new contract with the government, down from the 33% the company announced a year ago.

Aeropuertos Argentina President Ernesto Gutierrez gave the 25% figure during a Monday event in the southern resort town of Bariloche. He also said the company could cede up to a further 20% stake to the government.

The operator's press office confirmed those figures on Tuesday but emphasized that the government has simply an option to acquire up to 20% of the company, and that such a move is not yet definite. Both the public float and any shareholding changes are subject to Aeropuertos Argentina reaching a fresh contract with the government.

The company runs 32 airports throughout Argentina. Its main shareholder is Corporacion America SA, an Argentine consortium belonging to local businessman Eduardo Eurnekian. Aeropuertos Argentina is seeking fresh capital to finance an investment plan that will be formalized when it signs its agreement with the government.

The administration is renegotiating more than 60 public service contracts. Aeropuertos Argentina officials have said it wouldn't be wholly unexpected for the state to take a stake in the company, since the government has expressed interest in having an expanded role in the utility sector. A "mixed" system has also been proposed for water company Aguas Argentinas.
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Old July 26th, 2005, 07:31 PM   #7
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Aerolineas Argentinas Pilot Union Holds Surprise Strike
26 July 2005

BUENOS AIRES (Dow Jones)--Pilots at Argentina's flagship carrier, Aerolineas Argentinas (AR.YY), launched a surprise 10-hour strike Tuesday to demand higher salaries.

According to widespread media reports, the pilots plan to strike until 2100 GMT. Until then, both domestic and international flights are grounded. Aerolineas Argentinas is the country's dominant airline with an 85% share of the domestic market, and July is the peak month for winter vacations.

When the cold-weather holidays kicked off earlier this month, the pilots' union began a 48-hour strike during the busiest weekend that threatened to leave more than 60,000 passengers stranded. Aerolineas Argentinas characterized the union's actions as blackmail. The Argentine Labor Ministry intervened mid-strike and required the company and union to operate "minimum service," running at least 50% of domestic flights and 75% of international routes.

The union says its pilots' average monthly take-home salary is 2,300 pesos ($1=ARS2.8625) and it's asking for a 40% increase. Aerolineas Argentinas says the lowest end of its pilot salary scale is about ARS3,496 a month and the union's proposal would elevate that wage to about ARS4,782.

Aerolineas Argentinas' controlling shareholder is Spain's Marsans group. The Argentine government owns a 1.34% stake in the carrier.
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Old August 6th, 2005, 02:19 AM   #8
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Argentina Govt Agency To Sue Local Partner Of Chile's Lan
5 August 2005

BUENOS AIRES (Dow Jones)--A Justice Ministry agency is filing legal action against the controlling shareholder of Lan Argentina, the local subsidiary of Chilean carrier Lan (LFL), for violating airline ownership regulations.

In a resolution issued Thursday by the Inspector General's office, which oversees corporate conduct, the agency said it will file an "immediate lawsuit" against Aero 2000 SA, which controls 51% of Lan Argentina. The IGJ, as the agency is known by its Spanish acronym, received a complaint in April from Ariel Basteiro, a lower house legislator from Buenos Aires who also used to head an airline workers union. In late May, the IGJ started an investigation into Aero 2000's business dealings and ownership structure.

Basteiro's allegations, which the IGJ found to be with merit, centered around Argentine law that requires the majority of an airline company's shares to be locally owned.

Lan arrived in Argentina in late March, just as private carrier Southern Winds filed for bankruptcy amid a drug-trafficking scandal. The Chilean airline said it would guarantee Southern Winds' operations for three months and, more importantly, absorb all workers of Argentine state airline LAFSA through its new Lan Argentina subsidiary. LAFSA employees were previously working for Southern Winds under a government-brokered alliance between the two airlines.

To comply with the local ownership rules, Lan partnered with Aero 2000, a newly formed company with no planes or staffing. Lan then purchased 49% of Aero 2000. Basteiro, the congressman, said in his formal complaint that Aero 2000's owners are two Buenos Aires-based lawyers representing Lan.

Airline workers and some legislators had complained when Lan first entered Argentina that it had established Aero 2000 as a "paper company" to comply with the local ownership regulations. The IGJ gave credence to this allegation, saying that its visits to Aero 2000's registered headquarters - which were the offices of the Lan lawyers' firm - failed to turn up bookkeeping records and other documentation that would detail legitimate business operations.

In its Thursday resolution, the IGJ also said it would file a formal complaint against the two Lan lawyers at the disciplinary tribunal of the Public College of Lawyers of Buenos Aires City.

Argentine Transport Secretary Ricardo Jaime had defended Aero 2000, saying it was a legitimate local group that won a public tender to fly charter flights.

Lan Argentina press officials were unavailable for comment Friday.

The Chilean company ran into similar troubles in Peru last year, when a provincial judge ordered the government to ground LanPeru for violations of local ownership regulations. The company denied the charges and restarted flights after an emergency decree from the government.
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Old August 9th, 2005, 12:49 AM   #9
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Lan Argentina Issues Defense Against Government Lawsuit
8 August 2005

BUENOS AIRES (Dow Jones)--The Argentine unit of Chilean carrier Lan (LFL) has issued a defense of its controlling shareholder, saying a government lawsuit against the company for violating airline ownership rules is without merit.

In local newspaper advertisements published Sunday, Lan Argentina said Aero 2000 SA, the group that owns 51% of the Argentine carrier, has always complied with local regulations. Moreover, the company said the government is siding with interest groups that are seeking to preserve a monopoly in the local airline market.

Last week, the Inspector General's office said it was filing an "immediate lawsuit" against Aero 2000 for non-compliance with a law that requires the majority of an airline company's shares to be locally owned. The IGJ, as the office is known in Spanish, is a Justice Ministry agency that oversees corporate conduct.

Lan entered Argentina in late March, agreeing to absorb all workers of Argentine state airline LAFSA thorugh its newly established Argentine subsidiary. LAFSA employees had been working for private carrier Southern Winds, which filed for bankruptcy amid a drug-trafficking scandal and lost a government fuel subsidy at the same time. Lan agreed to guarantee Southern Winds' operations for three months.

After a local congressman filed a complaint against Lan's business operations in Argentina, the IGJ conducted an investigation. The government is questioning Aero 2000 because it has neither airplanes nor staffing, and is reportedly majority-owned by two Buenos Aires-based lawyers who represent Lan. The IGJ said its inquiry failed to produce bookkeeping records and other documentation that would demonstrate legitimate business operations. Lan of Chile has a 49% stake in Aero 2000.

However, Lan Argentina said that, like all other local companies, Aero 2000 had to register with the IGJ and the government didn't raise any objections then.

"The IGJ resolution is concerned with making the Argentine market regress to a state contrary to interests of consumers who were seen as favored with Lan Argentina's entrance into a previous monopolic situation of a single operator of importance and, in addition, of foreign capital," Lan Argentina said.

Aerolineas Argentinas (AR.YY), whose controlling shareholder is a consortium led by Marsans of Spain, commands 85% of the domestic market.
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Old November 26th, 2005, 07:35 AM   #10
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Aerolineas Argentinas flights hit by strike

BUENOS AIRES, Argentina, Nov 25 (Reuters) - Argentina's flagship airline, Aerolineas Argentinas, canceled some international flights on Friday due to a strike by pilots and technicians, a company official said.

Employees walked off the job on Thursday to demand wage increases, causing delays and cancellations of domestic and international routes.

"All Aerolineas' flights were canceled up until 4 p.m. (1900 GMT)," an official at the airline said.

The airline flies to Miami, New York, Madrid and Rome as well as to 33 domestic destinations, according to its Web site. It was not immediately clear which flights had been affected.

Daniel Guiro, a leader of the pilots' union, said the pilots were asking for a 45 percent raise. "There is no date set for it (the strike) to end. This is going to continue until we find a solution," he told local radio.

Aerolineas Argentinas is 98 percent owned by Spanish group Interinvest and competes in the domestic market against Chile's LAN Airlines , which began operations in Argentina in mid-2005.
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Old November 29th, 2005, 08:26 PM   #11
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Argentine Airline Rents Aircraft To Operate During Strike
29 November 2005

BUENOS AIRES (AP)--Argentina's largest airline on Tuesday said it is renting aircraft from other companies to resume part of its operations idled by a six-day strike by pilots and mechanics.

Aerolineas Argentinas (AR.YY) also said 100 more strikers were fired, bringing to 337 the number of workers who have lost their jobs since the strike over salaries started.

Spokesman Julio Scaramella said the work stoppage has cost the company $8.5 million in lost income after being forced to cancel 258 domestic and international flights.

Scaramella said nearly 50,000 passengers have been affected.

"The company is renting airplanes from other companies in order to fulfill our obligations with those who have bought tickets," he said.

On Monday, strikers blocked the access to Buenos Aires' Ezeiza airport for several hours, forcing passengers of other airlines to haul their luggage several blocks to reach the airport.

Strikers are demanding a 35% salary raise and Aerolineas Argentinas has offered a 5% increase.

Five unions representing flight attendants and administrative employees did not join the strike.

Aerolineas Argentinas, formerly a state-owned company, was privatized 13 years ago and is now administered by the Spanish consortium Marsans. Along with its subsidiary Austral, the company accounts for about 80% of domestic commercial air traffic.
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Old December 2nd, 2005, 01:38 AM   #12
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Argentina military to help stranded tourists

BUENOS AIRES, Argentina, Dec 1 (Reuters) - Argentina's military offered on Thursday to help rescue tourists stranded by a workers' strike at Aerolineas Argentinas, the country's Spanish-owned flagship carrier.

The eight-day-old strike by pilots and technicians -- who account for about 2,000 of the company's 8,500 workers -- has forced the airline to cancel or delay most of its flights, affecting more than 60,000 passengers.

Argentina's Air Force put its pilots and a Boeing-707 plane at the disposition of Aerolineas Argentinas, which will contribute its own flight attendant crews.

"This will relieve the situation a great deal because we will cover the entire southern region with this plane," company spokesman Julio Scaramella told local TV, mentioning favorite Patagonian tourist spots such as Calafate and Bariloche.

The airline, owned by Spain's Interinvest, flies to Miami, New York, Madrid and Rome as well as 33 domestic destinations. The striking workers are demanding a 45 percent wage hike, which the company has said would be impossible to grant.

Their demands echo similar appeals by workers at different industries throughout Argentina to compensate for inflation, which economists expect to surpass the government's target of 11 percent for 2005.

The president of the Association of Travel and Tourism Agents, Tomas Ryan, said foreign tourists have already canceled about 30 percent of their flights to Argentina for next year, which is seen slashing tourism earnings by some $1 billion.

Argentina's Labor Ministry on Thursday imposed fines totaling about $3 million on the two striking unions, after the groups refused to sit down to government-ordered obligatory talks to resolve the conflict.

Aerolineas Argentinas said it is losing 1 million pesos ($335,000) a day because of the strike.
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Old December 11th, 2005, 05:10 AM   #13
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Argentina Southern Winds Airline Workers Go On Strike
9 December 2005

BUENOS AIRES (Dow Jones)--Workers at troubled private carrier Southern Winds walked off the job Friday to protest a delayed salary payment for November, causing minor delays at the Aeroparque Jorge Newbery regional airport.

The strike comes after pilots and mechanics at flagship carrier Aerolineas Argentinas (AR.YY) staged an eight-day demonstration to demand a pay raise. The Aerolineas strike ended last week.

Southern Winds' operations have been very limited since it filed for bankruptcy in March, hamstrung by a drug-trafficking scandal and the expiration of a government fuel subsidy. Local media reports published Friday said the airline had just one flight scheduled for the morning - a trip to the southern mountain resort town of Bariloche.

However, workers also threatened to cut off the main road leading to the airport, a measure that would generate delays for other carriers. During the Aerolineas Argentinas strike, employees had blockaded the highway connected to Ezeiza international airport, creating massive gridlock and forcing passengers to walk the equivalent of several city blocks to their terminals.
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Old December 14th, 2005, 05:04 PM   #14
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Aerolineas Argentinas Pushing Govt To OK Higher Fares
14 December 2005

BUENOS AIRES (Dow Jones)--Flagship carrier Aerolineas Argentinas (AR.YY) is asking the government to authorize an increase in fares, citing climbing costs for fuel and salaries.

Gerardo Diaz Ferran, the head of Spanish travel company Marsans, which owns the airline, was widely quoted in local media reports Wednesday as saying he raised the possibility of a fare hike in a meeting with Argentine Cabinet Chief Alberto Fernandez. The two officials met in Madrid, where Fernandez and Economy Minister Felisa Miceli are conducting a two-day series of meetings with government representatives and executives of Spanish companies with significant interests in Argentina.

"Fares haven't moved in four years and costs have risen significantly, not only for wage increases, but also because of the price of oil," Diaz Ferrin was quoted as saying. "When costs go up, there's no other remedy for increased income other than through fares. It's an issue that has to be discussed with the government."

Diaz Ferrin acknowledged that the topic was "touched tangentially" in his sit-down with Fernandez, but that the company will push for further negotiations.

The Argentine government sets minimum and maximum fares for the local airline industry. In September 2002, as the country was mired in economic crisis, the administration declared a state of emergency for the sector and revised its fare bands.

Several weeks ago, Aerolineas Argentinas negotiated a truce to a bitter labor dispute with its pilots and mechanics unions, which had gone on strike for eight days to demand higher salaries. The company agreed to a one-off payment for the workers, but the employees want that amount to be incorporated into their base wage. Aerolineas Argentinas officials say they can't afford to meet the workers' salary demands. Negotiations are ongoing and the unions say they could walk off the job again in three months if they're unhappy with the company's proposal.

Fernandez and Miceli are also holding key meetings with Telefonica (TEF) executives while visiting Spain. The telecommunications company, like other utilities with Argentine operations, is also trying to reach an agreement with the government over increases in regulated fixed-line rates. In 2002, the previous administration converted all utility rates from dollars to devalued pesos and froze them. Authorities now have to re-negotiate some five-dozen public service contracts.
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Old May 17th, 2007, 06:44 AM   #15
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LAN Argentina workers vow to continue strike

BUENOS AIRES, May 15 (Reuters) - Workers at the Argentine affiliate of Chile's LAN Airlines broke off talks with the company and extended indefinitely a strike that has grounded flights for two days, a union representative said on Tuesday.

The strike by pilots, technicians and ground staff is over what the employees say is the company's violating the union's collective bargaining rights. The company says it is in compliance with labor law.

"The strike will continue indefinitely. We've cut off talks," said Juan Pappalardo, general secretary of the Aeronautic Technical Staff Association, told reporters at Aeroparque, Buenos Aires' domestic airport for flights between the capital and provinces.

Union leaders said the strike was not over salaries.

LAN Argentina's spokesman was not immediately available for comment on the union saying talks had broken off.

Earlier in the day he said talks were ongoing with the labor ministry mediating and that he hoped flights would resume shortly.

LAN Argentina represents about 3 percent of LAN Airline's revenue.

LAN shares closed 0.28 percent higher on Tuesday at 8,360 pesos per share on the Santiago bourse while its American Depositary Shares were up 0.12 percent to $80.62 on the New York Stock Exchange.
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Old January 13th, 2008, 06:42 AM   #16
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Argentine flight delays spark passenger violence

BUENOS AIRES, Jan 12 (Reuters) - Frustrated passengers smashed ticket counters and threw objects at airline staff at Argentina's main airport on Saturday after the country's flagship airline canceled international flights for a second day.

Television images showed damaged ticket counters and broken glass in the main hall of the Aerolineas Argentinas terminal, where passengers angry at delays caused by a baggage handlers strike and a walkout by ticket counter workers shouted down an Aerolineas Argentinas employee and threw objects at him.

The strike for higher wages had sparked delays at the airport in a Buenos Aires suburb since Friday. Several thousand passengers were stranded when Aerolineas Argentinas canceled its flights abroad, according to local media. Phone calls to the airline and airport company went unanswered on Saturday.

"There's no one from the company, no one is showing their face or telling us when we're going to fly. We're stranded with children and the elderly," a woman whose flight to Venezuela was canceled on Friday told local TV.

Aerolineas Argentinas is 95 percent controlled by Spain's Marsans, with the remainder held by the Argentine state.
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Old November 23rd, 2008, 05:43 AM   #17
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Argentina moves to nationalize two airlines
21 November 2008
Agence France Presse

Argentina on Thursday took steps to nationalize two airlines owned by the Spanish group Marsans, a day after it nationalized 10 private pension funds, in its controversial policy drive of repurchasing key national assets.

A federal judge Thursday gave the government of President Cristina Kirchner control of management at Aerolineas Argentinas (AA) and Austral, which Transportation Minister Ricardo Jaime argued was necessary to guarantee airline service to the public.

Buyout talks between Marsans and the government recently broke down over a price squabble, and the ruling party in Congress will present a bill next week to nationalize the two airlines, which got the green light on Tuesday from a bi-chamber committee.

Marsans has asked for intervention by the Spanish government, which officials in Madrid told AFP would "protect the interests of its companies."

"The light has turned red for Spanish investments in Argentina," said AA and Austral deputy manager Jorge Molina. "We're approaching judicial uncertainty in this country."

The move on AA and Austral follows Thursday's controversial nationalization by Kirchner of 26 billion dollars in private pension funds run by 10 banks.

The aim of the nationalization, the government said, was to protect pensioners from the global financial crisis, while the opposition believes the funds will be used to prevent a loan default on Argentina's national debt of some 150 billion dollars.

Either way, the government is seen as pursuing the nationalization trend begun under Kirchner's predecessor and husband, Nestor Kirchner, who in his 2003-2007 mandate nationalized the railroads, waterworks and communications companies.

The Kirchners, together, are undoing the vast privatization policies that marked the tempestuous 1989-1999 presidency of Carlos Menem, who is currently under investigation for alleged graft, along with his economy minister Domingo Cavallo.

Liberal and right-wing opposition parties and business leaders have warned Kirchner's nationalization drive will lead to Argentina's isolation on the international scene, scare off investors and cause mistrust of the justice system.

"The nationalization of the pension system will trigger one of the worst crisis in our history," predicted liberal economist and former presidential candidate Ricardo Lopez Murphy, who also tied the policy to public debt servicing payments due next year.

For other analysts, the standoff with Marsens bodes ill for Argentina's close relations with its best European ally, Spain.

And yet for other political analysts like Rosendo Fraga, the nationalization schemes of this week point to a more insidious direction. Kirchner is maneuvering Argentina to "bring it closer" to Chavez's socialist revolution in Venezuela, he said.
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Old April 13th, 2010, 05:01 AM   #18
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✈ | 4M/AR™/AU | Argentinian-Based Airlines

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Old April 13th, 2010, 10:49 AM   #19
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where did you get the pictures from did you draw it , was it a program or did someone draw it already?
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Old April 13th, 2010, 07:19 PM   #20
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Quote:
Originally Posted by AsianDragons View Post
where did you get the pictures from did you draw it , was it a program or did someone draw it already?
I made them on: www.gcmap.co
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