With two straight years of 8-percent economic growth, Argentina appears to be on the road to recovery, as does the country’s flag carrier airline, Aerolíneas Argentinas. After several difficult years, Aerolíneas, which recently made its final payment to creditors to exit bankruptcy protection, is preparing an aggressive expansion plan that includes adding two new aircraft to its executive charter fleet by the middle of next year.
The airline began offering business aviation services two years ago in response to growing demand from local businesspeople, many of whom had been forced to sell their aircraft during Argentina’s deep recession. In 2002 alone, the crisis forced more than 200 companies to shed their aircraft, and although the economy has begun to show signs of improvement, few companies yet have been able to replace their aircraft. As a result, Aerolíneas began offering charter flights using a specially refurbished Boeing 737-200.
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