Argentina gives green light to budget airline FlybondiStaff Writer | June 30, 2017
Argentina's transportation ministry authorized low-cost airline FB Lineas Aereas, known commercially as Flybondi, to operate domestic and international flights.
Airline FB Lineas Aereas
With the resolution, all five airlines that received a preliminary go-ahead in February from the civil aviation authority to operate in Latin America's No. 3 economy have now been granted final permission.
American Jet, Alas del Sur and Andes Lineas Aereas were cleared in March.
A unit of Colombian airline Avianca Holdings SA was cleared in May following a probe of a possible conflict of interest involving the airline and President Mauricio Macri.
Macri's government estimates that allowing the airlines to enter the market, currently dominated by state-owned Aerolineas Argentinas and Chile's Latam Airlines Group SA, and offer more competitive prices will spur nearly $2 billion in investment in the next four years and boost air travel. ■