The Argentine airline Flybondi, which operates as FB Líneas Aéreas S.A., is facing a deep financial crisis, with its bank accounts frozen by court order due to tax debts. The Agency for Revenue and Customs Control (ARCA) filed eight tax enforcement proceedings against the company for unpaid obligations between March and June 2026, which include employer social security contributions and tax withholdings such as VAT and Profit Tax.
In six of these proceedings, precautionary measures were granted, resulting in the freezing of accounts. Publicly disclosed figures show significant debts: 1980 million Argentine pesos for March, 1403 million for May, and 1787 million for June. In the June proceeding, federal judge Alicia Isabel Braghini applied a 15% surcharge on the amount due, further increasing the amount claimed by the tax authority.
In addition to the conflict with revenue authorities, Flybondi is accumulating delays in the payment of June and July salaries, as well as the mid-year bonus (aguinaldo) for some employees. Active and former employees report losing health coverage, affecting medical treatments. More than 700 former employees have been waiting for over three months for severance payments from dismissals, and many have already filed lawsuits to collect agreements already acknowledged by the company.
The operational situation is also unstable. Between August 6 and 10, the company canceled 66 flights, a chronic problem that led Brazil to restrict the sale of its tickets. Despite this, the National Civil Aviation Administration (ANAC) allowed Flybondi to continue operating after the submission of an action plan, considering that the company meets operational safety requirements. However, ANAC applied two new fines for cancellations in June and July, adding to previous sanctions that total 54.7 million pesos, with 22 open administrative proceedings that could result in penalties exceeding 450 million.
Given the scenario, the perception is growing in the sector that the company may be close to entering court-supervised restructuring (concurso preventivo), which would allow it to freeze its liabilities and restructure debts. Sources close to the company, however, state that no decision has been formally made so far.