Financial Times FT.com

Argentina votes to seize airline

By Jude Webber in Buenos Aires

Published: December 18 2008 00:59 | Last updated: December 18 2008 00:59

Argentina’s senate on Wednesday passed into law a bill to expropriate the troubled national airline, Aerolíneas Argentinas, after nearly two decades in Spanish hands.

Approval of the law, by 42 votes to 21, comes as “no surprise ... but it still hurts”, Jorge Molina, an Aerolíneas director, told the Financial Times.

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