PRAirbus From Puerto Rico, joined Apr 2005, 1105 posts, RR: 1 Posted (7 years 10 months 2 weeks 19 hours ago) and read 10615 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.
Maperrin From Brazil, joined Apr 2006, 36 posts, RR: 0
Reply 1, posted (7 years 10 months 2 weeks 19 hours ago) and read 10581 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 !
Querosene From United States of America, joined Oct 2001, 89 posts, RR: 0
Reply 2, posted (7 years 10 months 2 weeks 19 hours ago) and read 10547 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 !
Sampa737 From Brazil, joined May 2005, 637 posts, RR: 1
Reply 5, posted (7 years 10 months 2 weeks 18 hours ago) and read 10321 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?
MasseyBrown From United States of America, joined Dec 2002, 5215 posts, RR: 7
Reply 6, posted (7 years 10 months 2 weeks 18 hours ago) and read 10303 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.
LipeGIG From Brazil, joined May 2005, 11365 posts, RR: 59
Reply 7, posted (7 years 10 months 2 weeks 15 hours ago) and read 10051 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
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)
New York + Rio de Janeiro = One of the best combinations !
AvroArrow From Canada, joined Sep 2001, 1045 posts, RR: 0
Reply 19, posted (7 years 10 months 2 weeks 9 hours ago) and read 7787 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.
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.”