Argentina Unveils New Policies To Reform Its Aviation Industry
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The government of Argentina has made moves to remove obstacles in the aviation sector in the country as a part of President Javier Milei's push to make the industry more open and free.
The government's recent decree, released on July 10th, outlines the basis for allowing new operators to enter the market easily and quickly, promoting fair competition, and removing restrictions on rates.
Even though there are two budget airlines operating in Argentina, Aerolineas Argentinas, which is owned by the government, remains the top player in the market. According to Aviation Week's CAPA, Aerolineas Argentinas holds a 47.1% share of seats for the week of July 8. In comparison, Flybondi has an 11.5% share and JetSMART has a 9.6% share.
Aerolineas Argentinas was brought back under government control in 2008, but earlier this year Bloomberg Intelligence aviation analyst Francois Duflot predicted, "Javier Milei is advocating for a reduced government role in the economy. Privatizing the airline aligns with his vision."
In the official announcement, the government stated that an evaluation of Argentina's air transport system showed that the country's "aeronautical policy has significantly hindered the growth of the commercial aviation sector."
Some of the policy changes involve allowing foreign companies to offer air transportation services within a country or internationally. The government stated that authorities reviewing these requests "may give permissions that allow for cabotage rights, with strict reciprocity conditions."
Furthermore, businesses are allowed to proceed with agreements involving merging services or businesses, transferring concessions or authorizations, as long as it does not violate competition laws. Authorities have a 15-day window to either approve or deny these proposals.
The latest regulation comes after Argentina has made agreements with Brazil, Chile, Ecuador, Peru, and Uruguay to open up air travel. Argentina and Canada have also announced a new agreement allowing Canadian and Argentine airlines to operate freely in each other's markets without restrictions on passenger or cargo flights.
