Aerolineas Argentinas’ State Funding Increases 22% In 2013

The Argentine government is raising its subsidy for Aerolineas Argentinas and its Aero Austral subsidiary by 22% and granting the company a tax holiday for 2013. The new subsidy for the state-owned carrier will total $605 million for the year—up from $496 million—the government says in its budget...

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