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Tag: Varig

If Varig Goes Belly Up Too Bad, Life Goes On, Says Brazilian Government

Brazil’s embattled airline Varig announced a restructuring of domestic and international routes in a ...

Group Who Bought Bankrupt Brazil’s Varig Can’t Raise the Money to Pay for It

NV Participações, an investment firm representing Varig employees, (TGV) admitted, yesterday, for the first ...

IATA Expels Varig and Brazilian Airline Stops Flying to 11 Overseas Destinations

The situation at Varig Brazilian Airlines has deteriorated substantially, today, June 21. For lack ...

On Its Deathbed Brazil’s Varig Sees Its Routes Being Partitioned

A Brazilian bankruptcy judge approved on Monday an offer by an employee-led group to ...

Justice Approves Varig’s Sale. It’s Too Late to Save Brazilian Airline Though.

The Brazilian justice decided that bankrupt airline company Varig, which once was the pride ...

Brazil Ready for Varig Shutdown. There Is Even a Secret Contingency Plan.

The Brazilian government is looking for a solution to the Varig problem which will ...

Brazilian Judge Prolongs Bankrupt Varig’s Agony

Luiz Roberto Ayoub, the judge at a Business Court (8ª Vara Empresarial do Tribunal ...

Brazil: Bankrupt Varig Airlines Goes to Auction But Nobody Wants It

NV Participações, a consortium led by workers of Brazilian Varig Airlines was the only ...

Brazil’s Varig Goes Earlier to Auction Block in Desperate Attempt to Survive

Brazilian authorities decided to advance to June the auction of Brazilian flag carrier Varig ...

Lula Hints Brazil Might Use Public Money to Rescue Bankrupted Varig

Brazilian President Luiz Inácio Lula da Silva said Friday, April 28, that the government ...