A U.S. appeals court in Washington, D.C. upholds a decision ordering Argentina to pay more than US$390 million in connection with the 2008 expropriation of Aerolíneas Argentinas. Both outlets report that the ruling confirms an award sought by the Titan Consortium hedge fund, after the dispute stemmed from Argentina’s seizure/nationalization of the airline in 2008. The courts’ decision is described as a confirmation of a prior judgment rather than a reversal, meaning Argentina remains liable for the awarded amount.
The reported figure is slightly above US$390 million, with one source citing US$390.9 million and another describing the amount as “over US$390 million.” The articles also note that Aerolíneas Argentinas is later described as turning a profit, but the court order relates to the earlier expropriation dispute and payment obligation. Overall, the coverage indicates the legal challenge in U.S. courts has continued through the appeals stage, with the U.S. appellate ruling keeping the payment requirement in place.
