767-300ER From United States of America, joined May 1999, 130 posts, RR: 0 Posted (16 years 8 months 2 weeks 2 days 23 hours ago) and read 1463 times:
varig brazilian airlines ahs seized operations to the following destinations:
flights from miami to rio de janeiro and sao paulo will continue regularly but flights from miami to northeastern brazil will be reduced. Varig has canceled these flights because the company is in major financial toruble since the brazilian currency was devalued by 35%. this will only mean the other brazilian airlines will soon follow varigs decisions to reduce intl operations.
Brazil From , joined Dec 1969, posts, RR:
Reply 2, posted (16 years 8 months 1 week 6 days 21 hours ago) and read 1463 times:
Varig is in so much trouble because of their old and pending debts and with the devaluation of the brazilian currency, it only got worse. Also they are changing their livery and that's consuming more money, and also a major power struggle inside the company is helping to make things bad. Varig used to enjoy a lot of privileges in the brazilian airline market, and they still have an state owned company structure, something that comes from the privilage days. But Varig is a major part of World airline history, having been around since 1927, and it can't be shutdown. I don't think it will come to this though.