Reported 25 days ago
JetSMART Airlines is increasing its fleet in Argentina, aligning with President Javier Milei's push to deregulate the aviation sector and challenge the dominance of state-owned Aerolineas Argentinas. With an investment of at least $160 million this year and two additional planes, JetSMART now operates 10 out of its 41 planes in Argentina. The airline's CEO, Estuardo Ortiz, supports Milei's efforts to modernize the industry but disclaims interest in acquiring Aerolineas. The move comes amidst labor challenges and a competitive landscape as the country navigates recovery from economic downturns and pandemic impacts.
Source: YAHOO