According to some early news by eco (A mexican spanish news channel) The spanish gov. has decided to inject fresh new capital of $208 million dollars into debt ridden Aerolineas Argentinas.
This will allow Aerolineas Argentinas to continue operating and avoid closure of operations until september, when the board of directors will meet again to present their plan of re-structurisation of the airline.
It seems like the Spanish gov. does not want to have their hands full of blood like they did with the VIASA case back in 1997. However, if Aerolineas continues to operate like it is doing, it will loose another $150 million dollars this year which will whipe out any cash it has left and will need another investment soon.
Photo © Juan Pablo Marini