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Varig Brazilian News
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Varig To Boost Fleet To 45 By End-2006
August 4, 2006
Brazil's Varig, which was sold last month to avoid bankruptcy, should expand its fleet to 45 aircraft by year-end from 12 now, a representative of the airline's new owner said on Thursday.
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Job Cuts Start At Varig
July 30, 2006
Brazilian airline Varig, which was sold last week, said on Friday it planned to lay off almost 60 percent of its work force as part of a restructuring plan.
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Varig Sold For USD$24 Mln, Averting Collapse
July 21, 2006
Varig, once Latin America's largest carrier, was sold at auction on Thursday to a local investment fund for USD$24 million, saving it from collapse for now.
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Varig Grounds Planes As It Awaits Auction
July 18, 2006
Brazil's troubled airline Varig grounded 86 of 139 flights scheduled for Tuesday as it awaited a new auction now set for Thursday to sell the carrier and avert a potential collapse.
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