Pedro Ferreras, the outgoing head of SEPI, the Spanish state holding company that controls both aerolineas and austral, has announced that if a deal to sell them hasn´t been done by next monday the 23rd then both airlines will cease to operate and be wound up. He also says that that they´ve had four or five offers so far. No word about how serious any of them are. My money is still on Eurnekian.
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www.lanacion.com.ar for more