Argentine low-cost carrier Flybondi files for bankruptcy after $120M loss

Flybondi, an Argentine low-cost airline owned by OCP Tech LLC, has entered bankruptcy proceedings after accumulating losses of US$120 million. The company, led by former intelligence officer and Milei-aligned businessman Leonardo Scatturice, faces market turbulence. The bankruptcy signals stress in Argentina's aviation sector and may have implications for regional connectivity and investor sentiment.