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

Tyler Durden's picture

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. This happens even as Argentina is once again caught in a messy brawl with the UK over the Falklands. And while the nearly $1 million abuse of taxpayer funds will hardly pass unnoticed, we have no doubt that Argentina should be able to finance itself in the international markets efficiently should it choose to: just slap a high yield on the debt and pitch it to Elliott, already in possession of an Argentina boat, who may (or may not) gladly buy it. Stranger things have happened.

From AFP:

Argentine President Cristina Kirchner will go on a four-nation trip in a rented British airplane for fear that her official aircraft would be impounded in a debt dispute, the government said Monday.

 

Despite a bitter war of words with London over the Falkland Islands, Kirchner's government is paying British air charter firm Chapman Freeborn $880,000 for the trip to Cuba, the United Arab Emirates, Indonesia and Vietnam.

 

The 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.

 

The company, denounced by Argentina's government as a "vulture" fund," says Buenos Aires owes it $370 million stemming from the nation's debt default a decade ago.

 

Oscar Parrilli, the presidency's secretary general, said in a statement that it was "highly probable" that funds would try to detain Kirchner's official Tango 01 (T-01) aircraft on her upcoming trip.

 

Even though using the official plane would be 20 percent cheaper, the foreign ministry advised against using it "due to the aggressive posture of vulture funds," he said. A government source said the trip begins in Havana on Thursday.

 

Kirchner, who rented a Chapman Freeborn charter for previous trips in 2010 and 2011, has traded barbs with British Prime Minister David Cameron over the Falklands, which Britain retained after a bloody war on the islands in 1982.

We hope CFK does not have a Swiss bank account (like everybody else apparently these days) as breaching through the Elliott cordon of armed guards on Bahnhofstrasse to get to her stash would be worthy of a Bruckenheimer movie.

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q99x2's picture

She needs to start renting few armed drones.

DeadFred's picture

Declare Elliot a terrorist organization and send in the black ops forces to deal with them. Oops, I was thinking of another country's likely response.

knukles's picture

Green Shoots!

(man she's turning into a real pruneella)

TruthInSunshine's picture

My 3rd OT in the last 24 hours (and that's not good), but it's so worth it.

This is pure gold, bitchez -- even cnBSc laughs Joe Weaselthal off the air as he tries to seriously discuss the "trillion dollar coin" ridonkulousness:

http://video.cnbc.com/gallery/?video=3000139364

King_of_simpletons's picture

Latin america takes the crown when it comes to overspending and getting into debt fast.

Pladizow's picture

What is not on that plane: Coke, US$, Gold, explosives or a hot latina?

Comay Mierda's picture

everything is a joke nowadays

NotApplicable's picture

Well, since we're low on bread, time to ramp up the circus!

Freddie's picture

This botox socilist bitch just needs to mint a $1 trillion Obama coin.

ACP's picture

She must've been something before electricity.

StychoKiller's picture

I defy you to point out just WHERE the Botox was used in that picture! :>D

Freddie's picture

I can tell where botox was NOT used.  Her eyeballs.  I think the rest of her/he had botox everywhere.

3.7.77's picture

Have you looked in a mirror lately?

Cortez the Killer's picture

vulture funds?

so, the new name for someone who lends you money is  vulture?

if you buy US Treasuries, you are a vulture?

buyers of sallie mae bonds:  vultures?

buyer of fannie mae bonds:  vultures?

Coming soon to a fascist dictatorship near you

 

TheFourthStooge-ing's picture

Cortez the Killer said:

if you buy US Treasuries, you are a vulture?

buyers of sallie mae bonds:  vultures?

buyer of fannie mae bonds:  vultures?

You've got a point. They should probably be called patsy funds or bagholder funds.

Cathartes Aura's picture

sure wish folks would know their critters before using the names - vultures eat what other creatures would die from consuming, vultures are uniquely designed to "dispose" of the shit that poisons "the system" and rarely "kill" their prey, although occasionally will hasten the end of what is already dying.

HYENA FUNDS would be a more appropriate naming - taking down the prey in packs, LOL'ng all the way.

©Vutures for truth

slyhill's picture

That is one homely dude.

Freddie's picture

Correction:

Pelosi's slightly less corrupt brother.  Pelosi had most of the Air Force's Gulfstream fleet at her disposal. 

A Nanny Moose's picture

Impossible. She died when that house from Kansas, bearing Dorothy and Toto, fell on her.

Ookspay's picture

That's why God gave us Tequila.

vato poco's picture

And store-bought knockers. Store-bought knockers are proof God loves us and wants us to be happy.

smlbizman's picture

she is like that chick on sienfeld.....depends on the lighting.....i see some pics of her and its..yeah, sweet..than i see other pics and almost vomit....

Manthong's picture

I hope she at least earned some frequent flyer miles for all of that.

Oh, and puh-leeze…  No More Close-ups !

francis_sawyer's picture

I see she's getting beauty tips from Nancy Pelosi...

TPTB_r_TBTF's picture

Botox and gravity donT mix well.

AnAnonymous's picture

When extorters want to feel easy in dire times, there is no other solutions than fastening the belt to the extorted.

Carry on with the 'american'styler, you'll need it

TheFourthStooge-ing's picture

When Chinese citizenism excreters want to feel easy in dire times, there is no other solutions than loosening the belt and dropping pantaloons to decorate the roadside with a Brown Baby Mao.

akak's picture

Famous Chinese shitizenism sayings of Little Brown Mao:

 

"All powerful roadside stench flows from the barrel of a Chinese Shitizenism rectum."

"A journey of a thousand li begins with a single roadside squat."

"I wokked the dog, and the wok won."

TheFourthStooge-ing's picture

Mao See Dung Book of Small Redness containing many inspirationated sayings responsible for blobbing up of Chinese citizenism roadside brown pingoism.

jonan's picture

who names a fucken airplane with the callsign "tango"

"tango" down that biotch!

catacl1sm's picture

Riches, bitches.

Dr. Engali's picture

Her plastic is melting.

otto skorzeny's picture

who would win the ugly contest-her or Hillary? I'm going USA all the way.

Cognitive Dissonance's picture

So....when do the hedge funds confiscate Air Force One?

pods's picture

The are being bought off with proceeds from CIA flights of Bolivian Marching Powder.

pods

silverserfer's picture

NML capital a Cayman Island Based Firm... Decesnded from pirates i suppose? Pirates in suits. the  future is not what it used to be.

NotApplicable's picture

Demanding tribute, as always.

Hedgetard55's picture

"She" is a tranny, no? I am surprised the military hasn't taken over yet in
Argentina.

knukles's picture

Patience my little charchucherie gaucho

otto skorzeny's picture

this is what happens when all the old nazis in hiding die-the place goes to shit