Aerolineas Argentinas shareholders in late July approved majority shareholder SEPI's plan to save the airline.

Aerolineas Argentinas shareholders in late July approved majority shareholder SEPI's plan to save the airline. The ransom plan by the Spanish state-owned holding company intends wage cuts of up to 20% along with a $2085 million recapitalization to be injected from shareholders. A new holding company, Grupo Aereo Argentino, would comprise six business units: Passenger services, cargo, maintenance, airports, soil handling and holiday travel.

...