If Air Force One Lands in Bejing, Will it Get Back to the US?

8 Jan

Elections have consequences

Argentina President Rents Plane For International Trip To Avoid More Elliott Confiscations

In a somewhat surprising bid to avoid having even more Argentina assets impounded by the increasingly more belligerent hedge fund hordes, president Kirchner opted to squeeze the government’s already dwindling coffers further and instead of using her official aircraft, she decided to pay British air charter Chapman Freeborn $880,000 for an airplane rental to take her to Cuba, the UAE, Indonesia and Vietnam.

The (Argentinian) government’s concern is very real: last year, a court in Ghana impounded the Argentine navy ship “Libertad” for two months following a request from NML Capital, a Cayman Islands-based investment firm.

Zero Hedge

 

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