Sponsor Message:
Civil Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
VARIG's Final Hour (perhaps) Today, Friday  
User currently offlinePRAirbus From Puerto Rico, joined Apr 2005, 1141 posts, RR: 1
Posted (8 years 4 months 2 weeks 6 days 3 hours ago) and read 10729 times:

Sadly, the moment of truth might have arrived for this icon...unfortunately no one but a group of employees made a last bid for the airline and it came short of the minimum US$700 million for the domestic operations. It will be up to the Judge to decide. I guess, to avoid major political fall-out, the Judge might let the employees take over and let fate run its final course. What a shame...let's hope someone buys the name and resurrects this icon. The end is near.

46 replies: All unread, showing first 25:
 
User currently offlineMaperrin From Brazil, joined Apr 2006, 37 posts, RR: 0
Reply 1, posted (8 years 4 months 2 weeks 6 days 2 hours ago) and read 10695 times:

You are right. The end is near, whatever the way it takes to get there. Competitors are just reacting normally: if Varig stops flying, passengers will have to migrate anyway. Why to pay for Varig then ? And employees are playing a dirty game, as VARIG ows them more money than they intend to pay. We have been told that Brazilian Gvt. has a B Plan, if Varig stops flying, that includes a secret agreement with 1)GOL+TAM (domestic flights + international) 2)Star alliance airlines (LH/UA/TP) flying to Brazil from other international destinations. I hope so !

User currently offlineQuerosene From United States of America, joined Oct 2001, 89 posts, RR: 0
Reply 2, posted (8 years 4 months 2 weeks 6 days 2 hours ago) and read 10661 times:

Quoting Maperrin (Reply 1):
We have been told that Brazilian Gvt. has a B Plan, if Varig stops flying, that includes a secret agreement with 1)GOL+TAM (domestic flights + international) 2)Star alliance airlines (LH/UA/TP) flying to Brazil from other international destinations. I hope so !

I guess is not so secret.


User currently offlineHAWK21M From India, joined Jan 2001, 31684 posts, RR: 56
Reply 3, posted (8 years 4 months 2 weeks 6 days 2 hours ago) and read 10642 times:

What is Varig's existing fleet like.
regds
MEL



Think of the brighter side!
User currently offlineEasternSon From United States of America, joined Jun 2006, 668 posts, RR: 1
Reply 4, posted (8 years 4 months 2 weeks 6 days 1 hour ago) and read 10495 times:

7 Boeing 777-200ER
4 Boeing 767-300ER
4 Boeing 757-200
2 Boeing 737-800
1 Boeing 737-700
1 Boeing 737-500
4 Boeing 737-400
26 Boeing 737-300
11 McDonnell Douglas MD-11


But who knows how many aircraft will be returned to leasors? Seriously, the bankruptcy was a move to keep some of them from being repossessed. Do those get taken back if VARIG isn't bought today?



"The only people for me are the mad ones...." Jack Kerouac
User currently offlineSampa737 From Brazil, joined May 2005, 637 posts, RR: 1
Reply 5, posted (8 years 4 months 2 weeks 6 days 1 hour ago) and read 10435 times:

I've been listening for planes flying from Congonhas over my house here in Sao Paulo. They must be taking off to another direction. I want to catch perhaps, my last RG 737 flying close by. Varig to Brasil is like Braniff, Pan Am, or TWA was to the USA if I may make that comparison.

And then what about all those folks who flew Varig to Germany for the Cup?

Man, what a day.


User currently offlineMasseyBrown From United States of America, joined Dec 2002, 5507 posts, RR: 7
Reply 6, posted (8 years 4 months 2 weeks 6 days 1 hour ago) and read 10417 times:

I thought I read last week that Brazil stated that Varig's frequency authorizations would not pass to a purchaser, that they would be redistributed to incumbents. Now I can't find that article. Can anyone confirm?

That would certainly be a disincentive to buy the airline.



I love long German words like 'Freundschaftsbezeigungen'.
User currently offlineLipeGIG From Brazil, joined May 2005, 11442 posts, RR: 58
Reply 7, posted (8 years 4 months 2 weeks 5 days 22 hours ago) and read 10165 times:
AIRLINERS.NET CREW
FORUM MODERATOR

Quoting EasternSon (Reply 4):
7 Boeing 777-200ER
4 Boeing 767-300ER
4 Boeing 757-200
2 Boeing 737-800
1 Boeing 737-700
1 Boeing 737-500
4 Boeing 737-400
26 Boeing 737-300
11 McDonnell Douglas MD-11

Some corrections:

4 Boeing 777-200ER (PP-VRA, VRB, VRE and VRF) + 4 Boeing 777-200 (VRC, VRD, VRI and VRJ)
3 Boeing 767-300ER (VOE, VOI and VOJ)
4 Boeing 757-200 (VPP, VPQ, VPR, VPS)
2 Boeing 737-800 (VSA and VSB)
2 Boeing 737-800 (SAF and SAG)
1 Boeing 737-500 (MNM)
26 Boeing 737-300 (don't ask me! i really don't know)
9 MD-11

Felipe



New York + Rio de Janeiro = One of the best combinations !
User currently offlinePiercey From Sweden, joined Nov 2005, 2233 posts, RR: 1
Reply 8, posted (8 years 4 months 2 weeks 5 days 22 hours ago) and read 10115 times:

Quoting Sampa737 (Reply 5):
And then what about all those folks who flew Varig to Germany for the Cup?

screwed.

We might as well start anointing the sick...  Sad  cry 



Well I believe it all is coming to an end. Oh well, I guess we are gonna pretend.
User currently offlineDETA737 From Portugal, joined Oct 2000, 612 posts, RR: 0
Reply 9, posted (8 years 4 months 2 weeks 5 days 22 hours ago) and read 10106 times:

It looks like the airline has at least a few more days left, the judge has decided to postpone his decision until Monday.

http://www.estadao.com.br/ultimas/ec...nomia/noticias/2006/jun/09/149.htm


User currently offlineEasternSon From United States of America, joined Jun 2006, 668 posts, RR: 1
Reply 10, posted (8 years 4 months 2 weeks 5 days 22 hours ago) and read 10084 times:

Sorry, Felipe. I should've stated it may not have been completely accurate. That's what I get for posting quickly.

Regards,



"The only people for me are the mad ones...." Jack Kerouac
User currently offlineMaartenV From Netherlands, joined Aug 2005, 271 posts, RR: 0
Reply 11, posted (8 years 4 months 2 weeks 5 days 22 hours ago) and read 9994 times:

Quoting LipeGIG (Reply 7):
VRE

Wasn't VRE repossessed by the owner after being stored at JFK for some months?



Its all about supply and demand...
User currently offlineRbirtel From Brazil, joined Nov 2001, 93 posts, RR: 0
Reply 12, posted (8 years 4 months 2 weeks 5 days 21 hours ago) and read 9840 times:

I still believe and I think you should do the same!!

There is much more information that we don't know... I really don't believe tha Varig will close its doors!

[Edited 2006-06-09 20:45:33]

User currently offlineAlexPorter From , joined Dec 1969, posts, RR:
Reply 13, posted (8 years 4 months 2 weeks 5 days 19 hours ago) and read 9346 times:

Quoting Piercey (Reply 8):
screwed.

LH perhaps?


User currently offlineYOWza From Canada, joined Jul 2005, 4900 posts, RR: 15
Reply 14, posted (8 years 4 months 2 weeks 5 days 18 hours ago) and read 8847 times:

You know those huge exapnsion plans EK have and that fleet shortage. Well here's your solution buy VARIG! 700 million is the cost of a few toys for the Maktoums  Smile

YOWza



12A whenever possible.
User currently offlineB6JFKH81 From United States of America, joined Mar 2006, 2896 posts, RR: 7
Reply 15, posted (8 years 4 months 2 weeks 5 days 18 hours ago) and read 8809 times:

What happened to the 777 that was parked at JFK? When I drove in this morning it was gone. Was it re-possessed?


"If you do not learn from history, you are doomed to repeat it"
User currently offlineLufthansa747 From Philippines, joined May 1999, 3201 posts, RR: 34
Reply 16, posted (8 years 4 months 2 weeks 5 days 18 hours ago) and read 8723 times:

Quoting PRAirbus (Thread starter):
a last bid for the airline and it came short of the minimum US$700 million for the domestic operations.



Quoting YOWza (Reply 14):
You know those huge exapnsion plans EK have and that fleet shortage. Well here's your solution buy VARIG! 700 million is the cost of a few toys for the Maktoums

What kind of toys does EK get with domestic RG takeover? A bunch of 737s for DXB-Iraq maybe? :O



Air Asia Super Elite, Cebu Pacific Titanium
User currently offlineWestWing From United States of America, joined Feb 2005, 2134 posts, RR: 7
Reply 17, posted (8 years 4 months 2 weeks 5 days 17 hours ago) and read 8295 times:

Someone called Multilong Corporation put in a last minute bid.


The best time to plant a tree is 40 years ago. The second best time is today.
User currently offlineMaartenV From Netherlands, joined Aug 2005, 271 posts, RR: 0
Reply 18, posted (8 years 4 months 2 weeks 5 days 17 hours ago) and read 8265 times:

Quoting YOWza (Reply 14):
You know those huge exapnsion plans EK have and that fleet shortage. Well here's your solution buy VARIG! 700 million is the cost of a few toys for the Maktoums

To bad Brazil has a law limiting foreign ownership in the aviation business to 20% Smile



Its all about supply and demand...
User currently offlineAvroArrow From Canada, joined Sep 2001, 1045 posts, RR: 0
Reply 19, posted (8 years 4 months 2 weeks 5 days 16 hours ago) and read 7901 times:

Well if these Multilong people get it for 800 Million and get to duck out from under the 3.1 Billion in dept like the article says, I guess it would be possible for them to keep going. Although I'm sure the new owners would restructure in some way. That is IF the bid is accepted of course. I'll keep my fingers crossed for Varig, one of my favorite liveries.


Give me a mile of road and I can take you a mile. Give me a mile of runway and I can show you the world.
User currently offlineLVZXV From Gabon, joined Mar 2004, 2041 posts, RR: 37
Reply 20, posted (8 years 4 months 2 weeks 5 days 15 hours ago) and read 7254 times:

Quoting LipeGIG (Reply 7):
3 Boeing 767-300ER (VOE, VOI and VOJ)
4 Boeing 757-200 (VPP, VPQ, VPR, VPS)

VOE doesn't exist, must be VTE. As for the 757s, I believe they are VTQ, VTR, VTS and VTT. VPx sounds a bit old for them...

Saludos,

ZXV



How do you say "12 months" in Estonian?
User currently offlineDc10s4ever From , joined Dec 1969, posts, RR:
Reply 21, posted (8 years 4 months 2 weeks 5 days 14 hours ago) and read 7109 times:

Awe Shucks! I was gonna non rev to Brazil on Tuesday. But if RG shuts down it could make it tough to non rev on AA!  Sad

User currently offlineJustapassenger From United States of America, joined Dec 2004, 95 posts, RR: 0
Reply 22, posted (8 years 4 months 2 weeks 5 days 13 hours ago) and read 6709 times:

US court orders Varig to return jets to Boeing

http://money.excite.com/ht/nw/bus/20060609/hle_bus-n09221707.html.

This article provides some information, but seems to create more questions than it answers. For example:

• Court ordered seven aircraft returned to Boeing, but Boeing says it has 10 aircraft with Varig.
• It mentions that other aircraft are to be returned to “others” but doesn’t say who the others are or how many planes.
• The aircraft types are not mentioned.
• It does mention that an $800 million bid was made by “a little known investment fund called the Multilong Corporation.”
• Varig was ordered “to stop operating the aircraft on Monday and to return them to the plaintiffs by June 16.”


User currently offlineAF022 From France, joined Dec 2003, 2162 posts, RR: 1
Reply 23, posted (8 years 4 months 2 weeks 5 days 11 hours ago) and read 6069 times:

Does anyone know which aircraft are owned by Boeing?

User currently offlineLipeGIG From Brazil, joined May 2005, 11442 posts, RR: 58
Reply 24, posted (8 years 4 months 2 weeks 5 days 10 hours ago) and read 5738 times:
AIRLINERS.NET CREW
FORUM MODERATOR

Quoting LVZXV (Reply 20):
VOE doesn't exist, must be VTE. As for the 757s, I believe they are VTQ, VTR, VTS and VTT. VPx sounds a bit old for them...

Thanks for the correction. The other 767 is really VTE, and VPx are 737's (like VPY)

Today i travel SAO-GIG with one JJ high staff. It seems Tam has a contingency plan quite ready in case of RG bankruptcy, FRA, LAX and more frequencies to JFK probably will be the first moves.

Quoting AF022 (Reply 23):
Does anyone know which aircraft are owned by Boeing?

PP-VRC and VRD (777-200)
5 MD-11 with GE engines
(to be confirmed!!!!!)

Felipe



New York + Rio de Janeiro = One of the best combinations !
25 YOWza : I know for a fact tha a 50,000$ investment will get you a Brazilian passport and you don't even need to speak Portuguese. YOWza
26 Post contains images OHLHD : If one pays that much he is stupid
27 Jog : I also recently talked to JJ crew who said that they have heard of serious plans for FRA. So probably these rumours refer to the same plan (I am alwa
28 B707Stu : All of this news of RG's impending demise is truly truly sad. Such a great airline with tremendous service when I flew them in 1980 in, at the time, a
29 JAL : The loss of Varig would be a blow for Brazil and the Star Alliance.
30 Post contains images Cedars747 : Please save Varig Alex!!!
31 LipeGIG : Me too, we never know the level of knowledge. But i heard this from a JJ Director, and Tam was one of the players looking for buying RG, so they just
32 ABQopsHP : Its 1200p Central time USA on Sat 10Jun. Anything new as to the status of RG? I really hope they find someone to bail them out, and reorganize the com
33 Leskova : I'd love to see JJ back at FRA... having flown on both JJ and RG, I see one of them as a quality airline, and it's not the one that's a member of the
34 HAWK21M : Are they all Leased.Any Owned. regds MEL
35 Post contains links Baron95 : I have posted the latest updates on another thread... Update on Varig - Only One Bid on Auction Next news will como on Monday afternoon.
36 Post contains images ABQopsHP : Thanks Baron95.
37 CessnaLady : Are these ER type? Could these two be going to AM if returned to Boeing? There is constant talk about AM finding two used B772ERs to beef up its flee
38 Knightsofmalta : Am I missing someting here? Varig has been kept afloat for years now without ever showing any real improvement. Why on earth should anybody in his rig
39 Nudelhirsch : How likely is an involvement by LH? They sure are interested in getting their hands on the M11s, they already operate a network in Southern America, s
40 EMB195ER : Hello everybody! The biggest issue regarding JJ expanding abroad is aircraft availability. Additionally, I believe they would need a larger aircraft t
41 Jog : Some LH consultants tried to help RG last summer which actually resulted, e.g., in axing NRT. However, obviously they were not able to put them on th
42 EurostarVA : Is it just me or Brazil is now seriously lacking the previous number of long haul flag carriers? There used to be a time when TransBrasil, VASP, VARIG
43 Pdpsol : What are you talking about? Brazil's "balance sheet"? What do the number of Brazilian carriers and the nation's sovereign debt balance [which is pres
44 EurostarVA : Simple...by Brazil's "Balance sheet" and forex flow situation, I meant to refer to the certain occurrance of capital flight in the immediate future. T
45 A342 : Forget it. They have no additional longhaul aircraft available.
46 VV701 : Although not regarded as nearly important today as it used to be, a country's Balance of Payments - net foreign currency inflow less net foreign curr
Top Of Page
Forum Index

This topic is archived and can not be replied to any more.

Printer friendly format

Similar topics:More similar topics...
Varig MD11 At AMS Today?! posted Sun Oct 8 2006 20:32:52 by Varig767
United Flt 95 6 Hour Delay Today! posted Thu Jun 8 2006 06:19:39 by N62NA
Final 717's Delivered Today posted Tue May 23 2006 22:34:02 by DAYflyer
Varig Aircraft In Zurich Today (May 22)? posted Mon May 22 2006 21:49:03 by ZRH
A300 On Final To SEA Today 0755 posted Fri May 19 2006 18:50:37 by Jonno
Etihad's 5th And Final 777 Delivered Today posted Thu May 18 2006 19:51:35 by RobK
Final AirTran A320 Today posted Thu Nov 4 2004 20:21:10 by FlyFl
LHR Arrivals Today (friday 9th) posted Fri Jul 9 2004 21:32:04 by Brettbrett21
Spotting At WLG/NZWN Today Friday 02nd August posted Fri Aug 2 2002 10:09:23 by JaseWGTN
Continental Airlines Final 727 Flight Today posted Sun Nov 28 1999 07:08:40 by DeltaAir