American Task Force Argentina - Pursuing a Fair Reconciliation of the Argentine Debt Default

U.S. Government
Takes Action

Click here to view the letter by the Bush Administration and Members of Congress on Argentina’s debt and economic policies.

ATFA Member Spotlight

National Black
Chamber of Commerce

Letter to Congress urging JEFSA Co-Sponsorship.

Click here to view other ATFA member activity

Join Us
Show your support for ATFA and our work regarding debt default by joining our growing list of supporters.

Tell Your Friends
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Argentine International Reserves & Argentina GDP


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	News Center Argentina's Senate approves airline takeover Associated Press September 04, 2008 09.03.08, 10:07 PM ET BUENOS AIRES, Argentina - Argentina's Senate approved the nationalization of Aerolineas Argentinas on Wednesday, moving to return to state hands the financially troubled Spanish-owned company. The 46-21 Senate vote in favor of the state takeover of Aerolineas Argentinas and its subsidiary Austral comes weeks after Argentina's lower house of Congress approved the measure and was the final step in making the nationalization law. The bill says that Congress will set the purchasing price and requires the state to hold the majority of the company's shares. People celebrated in Buenos Aires, many holding inflatable planes. The company was privatized in 1991 and is struggling with financial woes and labor conflicts. It would return to state control with an estimated $900 million debt. The two carriers account for about 85 percent of domestic air traffic.		U.S. Government Takes Action Click here to view the letter by the Bush Administration and Members of Congress on Argentina’s debt and economic policies. ATFA Member Spotlight National Black Chamber of Commerce Letter to Congress urging JEFSA Co-Sponsorship. Click here to view other ATFA member activity Join Us Show your support for ATFA and our work regarding debt default by joining our growing list of supporters. Tell Your Friends Do you have friends or colleagues who would be interested in supporting ATFA? Send them an invitation to this site by clicking here. Argentine International Reserves & Argentina GDP