Translated from Dutch:
http://www.luchtvaartnieuws.nl/news/?ID=13373
PORTO ALEGRE – The Brasilian cargo airline Varig Log wants to take over its former owner for 400 milion US$. This way the strugling carrier has to be saved from bankruptcy. The take-over of the airline has yet to be approved by the board and financers.
Varig is doing very badly. According to “some sources” the airline is having dificulties honouring its payment requirements. For instance for the use of Brasilian airports and other operational expenses.
Varig Log was sold by Varig only two months ago to Volo Brasil, the owner of the largest Brasilan helicopter company.
By: Pablo - 17th April 2006 at 14:34
Have Varig scrapped any aircraft or routes because of this financial difficulty?
According to the BBC, some a/c are out of service and flights cancelled: http://news.bbc.co.uk/2/hi/business/4902792.stm
By: Airline owner - 16th April 2006 at 15:40
That’s interesting. Next thing you know we’ll have Condor taking over Lufthansa, or something of that nature!
I can see Virgin Nigeria taking over Virgin Atlantic…not 😉
By: A330-300 - 15th April 2006 at 19:59
Have Varig scrapped any aircraft or routes because of this financial difficulty?
By: greekdude1 - 15th April 2006 at 19:57
That’s interesting. Next thing you know we’ll have Condor taking over Lufthansa, or something of that nature!
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April 15, 2006 at 2:14 am