Aerolineas Argentinas Main article: Aerolineas Argentinas Aerolineas Argentinas was maintained for a period of time by the group. Towards the late 90s the company was technically bankrupt. The Spanish government tried to sell their shares to American Airlines, which was in charge of operations for the nine months and finally rejected the offer. In June 2001, were suspended flights to seven international destinations and the airline entered into for bankruptcy. In October of that year, control of Aerolineas Argentinas and Austral airlines was assigned to Air Comet, a consortium of private Spanish airline Spanair and Air Comet along with the tour operator Viajes Marsans, which acquired 92.1 of actions. After the verge of closure for most of 2001, combined with adverse effects on industry of the attacks of 11 September 2001 and Argentina’s economic crisis.Airlines were forced to close down international services for a few days in early 2002. However, he received an injection of capital (U.S. 50 million Marsans Group) and was able to resume the delivery of services almost immediately. In 2002 the company left the for bankruptcy after a judge in Buenos Aires agreed to restructure its debt.On 17 July 2008, at a ceremony in which President Cristina Fernandez inaugurated the work performed at the International Airport of Resistencia, the president announced that the State initiated a bill to reestatizar Aerolineas Argentinas, Austral airlines and other companies the group. According to the Argentine government would ensure the service control again and secure the 9,000 jobs at the company, while according to the opposition (who intends to declare bankrupt airlines ), arguing that the control again imply that the state should adopt as its own debt in the Group’s management Marsans.In August of control again the project was approved by the House of Representatives, passing well to their treatment by the Senate. On 4 September 2008, the project was approved by the Honorable Senate of the Nation. 6 On 17 December 2008, the Senate, into law for the expropriation of Aerolineas Argentinas, Austral airlines and other companies of the group, declaring them as “public utility”. Businesses return to the state. On Friday 9 January 2009, one begins to realize the expropriation by the state Marsans Group. President Cristina Kirchner enabled by a decree of the Ministry of Planning as expropriating agency to initiate proceedings, and appointed a committee to manage the flagship airline. On 5 February 2009.According to the decree, the government assigned a committee administrator for Aerolineas Argentinas and Austral Lineas Aereas that will comprise the former mayor of the city of La Plata Julio Alak, Jorge Simeonoff, Juan De Dios Cincunegui Cuerva Maria Garcia and Hector . As an agency expropriating the portfolio of Planning, headed by Minister Julio de Vido is empowered to carry out all acts and steps required for expropriation. It was also enabled the state to initiate summary proceedings to expropriate the companies. For his part, former Transportation Secretary Ricardo Jaime, confirmed the impending purchase of “more than twenty aircraft, under the plan of re-equipping companies, noting that the decree published today in the Official Gazette allows” rush all the time needed for this to be done. “On 16 July 2009, replacing Julio Alak, Mariano Recalde assumes the leadership of the flagship airline as its new president and general manager of Aerolineas Argentinas and Austral Airlines. Currently the entire capital of Aerolineas Argentinas, its Southern Airlines subsidiary and other group companies are part of the Argentine State, after the Group Marsans was forced to retire from the company on 15 June 2008, and owed 240 million (according to the Marsans Group) or 890 million (according to the Argentine government).