Argentina Project Retweeted Benjamin Gedan
That would be a mammoth bailout, but Argentina's state-owned carrier has long lived off taxpayer support (an average of $678 million per year from 2009 to 2015), though subsidies diminished under the last government.https://twitter.com/benjamingedan/status/1267477781195173888 …
Argentina Project added,
Benjamin Gedan @benjamingedan
Indeed, this is already playing out. Last month, I moderated a panel with @flybondioficial's COO, who painted a grim picture of Argentina's aviation sector. Today, Bloomberg reports that state-owned Aerolíneas Argentinas expects $880 million in subsidies this year.
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8:33 AM - 1 Jun 2020
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