EA777 From , joined Dec 1969, posts, RR: Posted (11 years 5 months 3 weeks 2 days 4 hours ago) and read 1887 times:
I read today in Flight International that Varig and TAM may not merge after all as both have been reporting good loads and that they are actually making profit. If the trend continues they deal may be brushed aside.
Leskova From Germany, joined Oct 2003, 6075 posts, RR: 69
Reply 2, posted (11 years 5 months 3 weeks 1 day 19 hours ago) and read 1796 times:
I'm actually quite sure that the merger will go ahead - as Gte439u mentioned, the plan changes about once a week for the public, but I suspect that - behind closed doors - the merger is more or less on track.
After all, given the high level of cooperation on domestic routes that TAM and Varig already have, I'm sure that both are aware that their improved results benefit from exactly this cooperation: if they should go back to all-out competition, I'm sure that at least one - if not both - would suffer setbacks in their results.
VRG772 From Brazil, joined Oct 2003, 124 posts, RR: 1
Reply 3, posted (11 years 5 months 3 weeks 1 day 8 hours ago) and read 1708 times:
Even here in Brazil, is almost impossible to know the truth about this merger... Varig is getting better, the prejudice this year is 74% less than in 2002. Varig's fleet got smaller, and stopped some routes inside Brazil (just a few)... TAM's situation had always been better than Varig's, this year is the same...
But, the situation of both airlines just got better due to the merger that was about to happen. If it wasn't the merger, probably the situation wouldn't be this.
And everything is confused here. The airlines say something, the government say another, and nothing is confirmed. I hope that this merger get read, but I'm not sure about it...
This week was an article in "REVISTA VEJA", the most famous magazine in Brazil, about Varig's situation. The main point in the article, is that Varig's situation just got better due to the code-share.