06/11/2008 05:00
Buenos Aires Herald - Nota - Argentina - Pág.4
AEROLINEAS CUTS LOSSES

Since the state took over Aerolíneas Argentinas and Austral airlines, the monthly losses of the two companies were cut by 40 percent, Transport Secretary Ricardo Jaime said yesterday. In statements to the press, Jaime said "in June, the last month in which Spanish firm Marsans was still managing both companies, they lost 60,860,000 dollars, while losses were reduced to 35,538,000 dollars after the state intervention." "The improvements were the immediate cause of the recovery plan launched by the government, which invested 25 million dollars to expand the companies fleet by 30 percent," Jaime said.