Isela Costantini resigned from her post as CEO of Aerolíneas Argentinas today. La Nación reported that, according to “qualified sources” within the airline, the decision to leave the airline was made for “personal reasons.” Constantini was appointed by President Mauricio Macri last year with the task of making Aerolíneas profitable — or at least stop it from hemorrhaging State money, like it did during the former administration.
Her resignation comes a week after the company issued a report informing indicating that it had managed to cut its deficit by half, but that would need additional funding to stay competitive in light of the increasingly competitive national market. Aerolíneas’ Financial Director, Pablo Miedziak, told Cronista that the company aimed at getting external funding in order to be self-sustainable next year.
Costantini has had a quite prolific career, even before her tenure at Aerolíneas. She arrived to the public sector after leaving her post as CEO of General Motors Argentina, Uruguay and Paraguay. She was also the first woman to run an automobile company in the country, and also presided the IDEA symposium and became head of the Argentine Automobile Builders Association (ADEFA).