FlyerTalk Forums - View Single Post - Milei and privatizing AR - what is the process?
Old Dec 29, 2023 | 4:19 am
  #15  
spainflyer
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Originally Posted by malagajohn
There will be no privatisation. The shares will be gifted to the employees along with 12 months working capital - and a contract that says no more subsidies.
If that is the solution, they might as well sell all the assets right now. Once the workers have slurped up all of the working capital gifted them, they have to start cutting costs. Serious cutting, including, probably 25% - 35% of the bloated workforce. And who among them is going to fire their fellow workers? Who will take the strategic decisions that might make Aerolíneas viable? Who (and how) will negotiate the credit that will be absolutely necessary to keep the airline going. And just who will grant that credit, if not the Argentine taxpayers?
Does not sound like a viable solution to me.
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