With the pending delivery of A330-200's to the Aerolineas Argentinas fleet, the airline is considering removing some of it older A340's from service and transferring them to the Argentine Air Force, especially the ones that are due for major maintenance, which would then be the responsibility of the Air Force.
Another possibility would be to convert them to freighters for use on foreign routes and to Tierra del Fuego in southern Argentina, which is an important electronics manufacturing center. However, freighter conversion is not cheap so the editor of this blog doubts that will happen.
Finally, the aircraft might end up parked in "Chivato", a section of Buenos Aires Ezeiza (EZE) where many aircraft are left abandoned for months or years awaiting scrapping.
Source: http://www.siscoma.com.ar/online/aviacion/2013/avn130919/avn-130919.html
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