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Argentina gives green light to budget airline Flybondi

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Staff 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
This is according to a notice published Thursday in the country's official gazette.

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.