In line with the structural reform plan promoted by the administration of Javier Milei, the Ministry of Economy formalized the beginning of the process of Total Intercargo Privatizationthe state company responsible for providing land service to aircraft at Argentine airports. The measure was published on Monday in the Official Gazette through resolution 1067/2025 and establishes a period of eight months To complete the operation.
Intercargo, currently a solenal corporation whose only shareholder is the national state, is the exclusive provider of the ramp service – landscape on land to aircraft – in most of the country’s airports. The sale of its share package will be made through a national and international public tenderwithout segmentation or participation reserved for workers.
Total sale, without shared participation
The privatization proposal was prepared by the Secretariat of Transportationwhich has Intercargo under its orbit, and was elevated to the Executive Branch with the intervention of the public business transformation agency. The decision is based on the provisions of the Decree 198/2025 and in the Law 27,742which declared the company “subject to privatization.”
The government ordered that the 100% of the shares Intercargo are sold in a single operation. Unlike previous processes, mechanisms of Participated property or preferential benefits For employees or third parties. The share package will be transferred to a new private operator.
To advance with the process, the termination of the concession contract which currently links Intercargo with the State. This termination, which will be by mutual agreement, must be realized before the final sale.
A deadline and a new valuation
The privatization process will be coordinated by the Temporary Special Executing Unit “Public Business Transformation Agency”agency that will have the responsibility to ensure that the transfer is specified in a Maximum period of eight months.
One of the first tasks will be to request a national public sector bank The official valuation of the shareholding package. This decision was made after the Nation’s Tasations Court inform your impossibility of appraisal within a reasonable time.
In turn, the Subsecretariat of Air Transportation He will be in charge of monitoring the operational transfer to the new concessionaire. Its function will be to ensure that the transition does not affect the continuity of the service, or put the National and international air connectivityan aspect indicated as a priority in the presidential decree that enabled the privatization process.
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App
Digital Platform and State Control
The resolution, signed by the Minister of Economy Luis Caputoestablishes that the entire procedure must be carried out through the platform HIREthe official public hiring management system. The organisms involved were instructed to guarantee transparency and order of the process.
Intercargo is one of the most relevant companies of the Argentine airport system, since it monopolizes the ramp service in much of the country’s air terminals. Its privatization represents one of the most sensitive operations of the Official Plan for Desestatization of Public Companies, and will be closely observed by guilds in the aeronautical sector and by commercial flight users.
Source: Ambito
