Argentine Senate signed off on the expropriation of Aerolineas Argentinas and Austral last week in a 42-20 vote, following the Chamber of Deputies' approval early this month (ATWOnline, Dec. 5). AR owner Grupo Marsans has filed for arbitration at the World Bank's International Center for Settlement of Investment Disputes in response. Senators said last week that AR is losing ARS27 million ($7.9 million) per month, Reuters reported.
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