This is the company that provides ramp and passenger transportation services at 21 of the country’s main airports. Among its actions, it deals with the towing of airplanes, signaling prior to takeoff or landing, the transfer of passengers to and from the aircraft, the loading and unloading of luggage, the supply of electrical energy, drinking water and draining bathrooms. and cleaning, among other functions.
The authorities are evaluating what is the best model to transfer this service to private hands. An international tender would be arranged and one possibility would be the joint sale of the company, although a greater probability is assigned to the business opening by point of interest.
According to the latest official data, corresponding to the first half of 2024, Intercargo had 1,580 employees. The company had a financial surplus of $1,245 million last year and $9,636 million at the end of June of this year, according to the Chequeado.com site.
The Aerolíneas Argentinas case
The case of Aerolíneas Argentinas It is among the most complex within the privatization process, as recognized in official media.
The latest news consisted of the unions agreeing to cut benefits for workers, but those who have a critical view of the process point out that with this attitude the unions “They managed to win the summer,” in what are considered “marginal concessions that do not solve the underlying problem.”
In addition, The unions continue their fight against privatization and, for example, on the buses that take them to the aircraft they usually put up posters criticizing the Minister of Deregulation and Transformation of the State, Federico Sturzenegger, and appealing to “national sovereignty defending Aerolíneas Argentinas.”
However, President Javier Milei’s determination is that the line be privatized.
One of the problems is that uncertainty about the company’s future is likely to affect its results. For example, news from Uruguay indicates that the sale of Aerolíneas Argentinas tickets from the neighboring country “completely fell” due to the conflicts faced by the company and from the Uruguayan Association of Travel Agencies (Audavi) they call not to buy tickets in between of the current uncertainty.
AYSA
Argentine Water and Sanitation (AYSA) is another of the companies that the Agency for the Transformation and Privatization of Public Companies plans to transfer to private companies soon. “There are interested parties in taking charge of the operation”official sources told this medium.
In this sense, they pointed out that “The problem of this company is more political than economic” since it provides services in the Buenos Aires suburbs, that is, a territory where Kirchnerism has a strong political presence.
In any case, they indicated that “President Javier Milei’s decision is to resolve the AYSA situation because it is not fair that all Argentines subsidize the consumers of Greater Buenos Aires.”
The closure of the former Ciccone
Within the framework of another privatization process, in this case referring to Casa de Moneda, this Monday the Government announced the closure of one of the main units of the company, the banknote printing plant located in Don Torcuato that belonged to the Ciccone family and it was expropriated in 2012.
This decision represents an annual saving for the State of $5,040 million and the 270 people who performed duties at this plant “will be excused until the policies to be followed are determined,” according to the Minister of Economy. Luis Caputoon social networks.
In parallel, the authorities are providing assistance to different official departments that receive services from Casa de Moneda so that they can find other suppliers. It should be taken into account that today the company supplies everything from cigarette stamps for the collection agency to automotive license plates for the Ministry of Justice. Of course, official sources say, “this process will take time, probably a few months.”
Immediately, the Central Bank decided to end the current contracts between the entity and the Mint, related to the printing of banknotes. The last ones released, for $10,000 and $20,000, were imported in an operation that meant “a significant saving” for the monetary authority, according to what the Government maintains.
Source: Ambito
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