Among the 300 measures that it presented, included in the DNU, it is authorized “the transfer of the total or partial share package of Aerolíneas Argentinas.” In addition, the “implementation of the open skies policy” is advocated.
It also establishes that “the transfer of the new rights will be prorated among the employees who decide to participate in said expansion program.”
“Employees who participate in more than one of these companies must opt to participate in one of them,” specifies the DNU.
What does Milei’s DNU say?
Under the title “Rescue of Argentine Airlines and Austral Airlines by the National State” (Law No. 26,412) ARTICLE 246 establishes that Article 4 of Law No. 26,412 and its amending and complementary regulations be replaced.
“ARTICLE 4.- The transfer, partial or total, of the share package of Aerolíneas Argentinas SA and Austral Líneas Aéreas – Cielos del Sur SA and their controlled companies is authorized, to the employees of the respective companies in accordance with the Participated Ownership Program “.
ARTICLE 247.- Article 9 of Law No. 26,412 is repealed.
Chapter III – Public Utility of Argentine Airlines (Law No. 26,466) ARTICLE 248.- Article 5 of Law No. 26,466 is replaced by the following:
“ARTICLE 5.- The total or partial transfer of the shares representing the capital stock to the workers of the companies Aerolíneas Argentinas Sociedad Anónima and Austral Líneas Aéreas – Cielos del Sur Sociedad Anónima and their controlled companies (Optar SA, Jet Paq SA) is authorized. , Aerohandling SA) in accordance with the Shared Ownership Program. The transfer of the new rights will be prorated among the employees who decide to participate in said expansion program. Employees who participate in more than one of these companies must opt for their participation in one of them”.
Aerolíneas Argentinas is not the only State company impacted by the deregulation of the economy announced by Javier Milei. Among the most important announcements is the repeal of the state companies regime and the regulations that prevent privatization of public companies.
One by one, the 30 measures announced by Javier Milei
1. Repeal of the Rental Law: so that the real estate market works smoothly again and so that renting is not an odyssey.
2. Repeal of the Supply Law so that the State never again attacks the property rights of individuals.
3. Repeal of the Gondola Law so that the State stops interfering in the decisions of Argentine merchants.
4. Repeal of the National Purchase Law that only benefits certain power players.
5. Repeal of the Price Observatory of the Ministry of Economy to avoid the persecution of companies.
6. Repeal of the Industrial Promotion Law.
7. Repeal of the Trade Promotion Law.
8. Repeal of the regulations that prevent the privatization of public companies.
9. Repeal of the State companies regime.
10. Transformation of all State companies into public limited companies for subsequent privatization.
11. Modernization of the labor regime to facilitate the process of generating genuine employment.
12. Reform of the Customs Code to facilitate international trade.
13. Repeal of the Land Law to promote investments.
14. Modification of the Fire Management Law.
15. Repeal of the obligations that sugar mills have regarding sugar production.
16. Liberation of the legal regime applicable to the wine sector.
17. Repeal of the national mining trade system and the Mining Information Bank.
18. Authorization for the transfer of the total or partial share package of Aerolíneas Argentinas.
19. Implementation of the open skies policy.
20. Modification of the Civil and Commercial Code to reinforce the principle of contractual freedom between the parties.
21. Modification of the Civil and Commercial Code to guarantee that obligations contracted in foreign currency must be paid in the agreed currency.
22. Modification to the regulatory framework of prepaid medicine and social works.
23. Elimination of price restrictions on the prepaid industry.
24. Incorporation of prepaid medicine companies into the social work regime.
25.Establishment of electronic prescription to streamline service and minimize costs.
26. Modifications to the regime of pharmaceutical companies to promote competition and reduce costs.
27. Modification of the Companies Law so that football clubs can become public limited companies if they so wish.
28.Deregulation of satellite internet services.
29. Deregulation of the tourism sector by eliminating the monopoly of tourism agencies.
30. Incorporation of digital tools for automotive registration procedures.
Source: Ambito
