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On December 22, 2008, a law expropriating the Airlines Aerolineas Argentinas and Austral was promulgated. Aerolines Argentinas and Austral were the property of the Spanish group Marsans. Marsans reacted and claimed that this decision was 'arbitrary and illegal'.
The Argentinian government declared that both airlines were worth nothing since they made USD 832 million losses while Marsans argued they were worth USD 250 to 450 million.
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