Argentina Invests to Modernize National Airlines.

PR Newswire Europe, June, 2009

BUENOS AIRES, Argentina, June 19 /PRNewswire/ -- The Government of Argentina has begun an extensive effort to modernize the national airline Aerolineas Argentinas and domestic carrier Austral.

President Cristina Kirchner unveiled a new Boeing 737/700 last week, the first new airplane bought for Aerolineas Argentinas in 16 years. The airline and its sister airline Austral were nationalized in December 2008 to maintain the airline to high standards.

The fleet, one of the oldest in the world, is being rapidly updated. A second Boeing 737/700 will be delivered the end of June and Aerolineas will soon count on nine other similar aircraft that will be leased, to be handed over before the end of the year.

In addition, the Secretary of...

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