November 15, 2024

Information reaching Kossyderrickent has it that President, Javier Milei, flying commercial flight while being hailed by Argentinians in economy class plane to reduce government spending in Argentina..


Among those sectors, commercial aviation is set to go through major changes, including moving towards an “Open Skies” policy, declaring air travel an essential service, allowing competition among third-party operation support providers, and changing Aerolíneas Argentinas’ shareholding regulations to allow the transfer of part or all company stock to its employees.

“As our economic model, unlike everything that has been done in the last hundred years, attacks the deficit, which is the cause of our problems, and not the consequences of it, we can start today to unblock all these regulations that pretend to provide solutions but only generate problems,” said Milei when introducing part of the regulations the decree addresses.

The repeal of older decrees and laws, like Decree-Law No. 12.507/56 and Law No. 19.030, suggests a significant shift from previous regulatory frameworks. This could mean modernizing the legal framework to align with international standards and practices. This move was attempted many times before but fell short, mainly because of aeronautical unions’ fierce opposition.

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