Argentina plans to allow first budget airline to begin flying in country

Argentina’s govt said Monday it plans to allow the first budget airline to begin flying in the country, opening up one of the biggest untapped domestic airline markets to increased competition. The move, which includes the approval of 135 new airline routes, is the latest in a series of pro-business measures by president Mauricio Macri since he began overhauling the economy more than a year ago. “We have fewer flights per capita than Bolivia and Ecuador and almost a third of the flights in Chile,” Macri said. “We are going to double the number of people that are flying.” Argentina had about 10m airline passengers in 2015 and aims to increase that to 22m annually in 2019. The govt will invest US$1.4b through 2019 to improve airport infrastructure and attract new airlines, Macri said. <br/>
Wall Street Journal
https://www.wsj.com/articles/argentina-plans-to-allow-first-budget-airline-to-begin-flying-in-country-1488845788
3/6/17