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Variglog Annoucement  
User currently offlineJJMNGR From Brazil, joined May 2004, 1018 posts, RR: 15
Posted (8 years 2 months 1 week 19 hours ago) and read 1582 times:

VARIGLOG has just announced that is cancelling their propose to invest USD400 MM on an eventual deal in buying VARIG.

http://noticias.uol.com.br/economia/...alor/2006/05/05/ult1913u50106.jhtm

9 replies: All unread, jump to last
 
User currently offlineCB777 From United States of America, joined Sep 1999, 1216 posts, RR: 3
Reply 1, posted (8 years 2 months 1 week 19 hours ago) and read 1554 times:

I am afraid this is the final nail in the coffin..........RIP Varig.

User currently offlineHentzz From Estonia, joined Mar 2006, 23 posts, RR: 0
Reply 2, posted (8 years 2 months 1 week 18 hours ago) and read 1482 times:

It seems that the long story of an historic airline has come to an end! R.I.P.
For other south american airlines it is definitely very good.
How long would it take for TAM and GOL to take over all of VARIG's service?
Would there be over-demand in the beginning?


User currently offlineJJMNGR From Brazil, joined May 2004, 1018 posts, RR: 15
Reply 3, posted (8 years 2 months 6 days 18 hours ago) and read 1263 times:

Sources says that the domestic market is today less than 15% of market share and this market can be absorbed immediately.
On intl. market VARIG has less than 20% now and it won't be a disaster for the market. TAM and GOL will have to run fast in order not to let intl. carriers to absorb this demand.


User currently offlineCommavia From United States of America, joined Apr 2005, 11386 posts, RR: 62
Reply 4, posted (8 years 2 months 6 days 18 hours ago) and read 1254 times:

Several questions:

What about that Russian investor?
Is that deal a no-go as well?
Does this, indeed, mean the end for VARIG?
And if so, when will we know for sure?


User currently offlineQXatFAT From Israel, joined Feb 2006, 2404 posts, RR: 5
Reply 5, posted (8 years 2 months 6 days 16 hours ago) and read 1174 times:

I think I should get a RG flight here soon.  Sad


Don't Tread On Me!
User currently offlineJJMNGR From Brazil, joined May 2004, 1018 posts, RR: 15
Reply 6, posted (8 years 2 months 6 days 16 hours ago) and read 1127 times:

The Russian investor is a big mob chief and is being investigated by Interpol so seem much more a money laundry offer than an ivestment.

If it is the end of VARIG? VARIG is already dead...like those old trash movies....every episode of Jason he dies at the end and there are many other movies with Jason...

They should have already closed the doors but they are living-dead.


User currently offline9252fly From Canada, joined Sep 2005, 1386 posts, RR: 0
Reply 7, posted (8 years 2 months 6 days 15 hours ago) and read 1119 times:

If RG does indeed stop operating as an airline,I for one see a great loss to aviation. They are just a shell of what was once a great airline,it's terribly sad to see. I do hope that once the end comes,that their name is never misused like Pam Am's.

User currently offlineLipeGIG From Brazil, joined May 2005, 11406 posts, RR: 59
Reply 8, posted (8 years 2 months 6 days 15 hours ago) and read 1082 times:
AIRLINERS.NET CREW
FORUM MODERATOR

Quoting Commavia (Reply 4):
What about that Russian investor?
Is that deal a no-go as well?
Does this, indeed, mean the end for VARIG?
And if so, when will we know for sure?

Probably we will receive decisive news on monday. In a meeting with creditors, Varig will decide their future. The government also has the objective to sell RG domestic operations for about US$ 200 to 700 million in order to increase capital on international operations.

Felipe



New York + Rio de Janeiro = One of the best combinations !
User currently offlineJetdeltamsy From United States of America, joined Nov 2000, 2987 posts, RR: 8
Reply 9, posted (8 years 2 months 6 days 13 hours ago) and read 1044 times:

Uh oh. Bad new for VARIG. My brother works for them. He's very distraught about his future there.


Tired of airline bankruptcies....EA/PA/TW and finally DL.
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