The second largest Argentinian airline ARG (formerly LAPA) is to return its eight leased Boeing 737-700s to lessors GE Capital Aviation Services, International Lease Finance and Pegasus. Speaking to Flight International's on-line sister service Air Transport Intelligence, ARG's president, Guillermo Franco said: "In an economic environment in which the dollar's value has tripled since the beginning of the year, and domestic demand dropped to half the previous year's level, we have no option but to return our 737-700s." ARG is searching for eight 737-200s to replace them.
Source: Flight International
