Today, Sept 15, is the day that Aerolineas Argentinas has their board meeting after their last injection of 206 million dollars by the spanish goverment.
With the recent route expansion and the re-opening of many routes, it would appear that Aerolineas Argentinas is financially secure and stable. However, still loosing 20 million a month with no end in sight, what steps are being taken to keep it alive?
Several months ago, the reorganization plan called for the layoffs of 20 % of the workforce and the discontinuation of most of the international routes. Quite puzzling since the exact same opposite has occured with the re-launching of pre-Iberia routes.
Aerolineas Argentinas has started running advertisements here in Los Angeles in the newspaper for their new thrice weekly flights to Lima and Buenos Aires, with connection to Sao Paulo, Rio, Santiago and Montevideo. It appears that their expectations of the route are doing so well, because I just read that they now plan to switch it into a daily flight. This reminds me of Pan Am's situation back in 1991, when they were running commercials and sponsoring a latin american street fair in Los Angeles 2 days before they shut down.
Any breaking news about their stockholder meeting?
Capt.Picard From , joined Dec 1969, posts, RR:
Reply 3, posted (14 years 9 months 3 weeks 5 days 20 hours ago) and read 1531 times:
Well, as I posted earlier, Heathrow is expecting the first 747 in on the 30September. To see AR's LHR timetable, go to http://www.baa.co.uk and follow the Heathrow signs, then click on timetable, and type in Buenos Aires-London, and you should get the AR timetable.
I am completely baffled as to why AR should be expanding at a time of such financial insecurity
Incidentally, The Independent (not a football team, but a UK Newspaper was advertising flights to EZE from LHR for £404rtn. Now that's a VERY attractive deal, and most English visitors will now take AR, instead of KLM, LH or AF from LHR via Paris, Frankfurt etc.
The BA flights to EZE are mostly British Businessmen and Argentines visiting relatives back home (in Argentina).
Federico From Belgium, joined May 2005, 0 posts, RR: 0
Reply 5, posted (14 years 9 months 3 weeks 2 days 21 hours ago) and read 1482 times:
Not palying with words. It wasn't cancelled far from it, the meeting was held, the new proposal was thrown at Iberia...they need to review it and make a decision. And considering that evidence was found that AR's debt includes some of Iberia's ...yes little boy I read the paper.
Derico From Argentina, joined Dec 1999, 4355 posts, RR: 11
Reply 9, posted (14 years 9 months 3 weeks 2 days 15 hours ago) and read 1445 times:
How was I wrong?
If you are playing a baseball game, and play it's stopped in progress, it's said the game was cancelled, postponed, whatever the word du jour is. I also did correct myself in saying it was put away for a month or so, I guess you don't see when someone does correct itself.
Besides, I posted my first reply when the information was just comming out and wasn't even reported by the press. Do you expect me to know every single detail?
Also, I have to 'prove' I'm wrong... that's hilarious, thanks!
My internet was not shut down, the internet has shut me down