LATAM shuts down its Argentinian branch, worth 3 million passengers per year


February 9, 2020 / LATAM Argentina (4M) will not return to fly. The Argentinian branch of the LATAM Group was grounded since June 17, 2020 following the Covid pandemic and the severe travel restrictions imposed in the Country by the government. Now, the parent company officially closed it down, liquidating the 1.500 employees. LATAM Argentina and LATAM Paraguay had been the only two branches not included by LATAM in the process as the Group filed for a Chapter 11 procedure in May 2020.

The airline had been founded 15 years ago and in the months before Covid it operated a fleet of 10 Airbus A320-200 used to connect 12 domestic destinations in Argentina plus a few more abroad, including Sao Paulo, Santiago de Chile and Lima. In 2019 it had carried 3.1 million passengers. The decision to close it down permanently leaves an even stronger position in the domestic market to Aerolineas Argentinas, which already enjoyed a market share around 65% in the Country. (Photo Wikimedia Commons / Robert Underwood)

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