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Rumor: Varig Will Cease It's Operations Tomorrow  
User currently offlineJrosa From Brazil, joined Jun 2005, 367 posts, RR: 11
Posted (8 years 6 months 2 weeks 4 hours ago) and read 27035 times:

Disclaimer: You are about to read a rumor, which was not confirmed by any official source, either the company or the creditors.

There is a very, very strong rumor in the market that Varig will cease its operations tomorrow morning (June 20, 2006) due to lack of cash or receivables to fund its day-to-day operations (fuel, airport fees, catering, maintenance, small expenses and everything else).

According to the information I got the top tier managers of Varig were warned early evening today that all operations will cease tomorrow early morning and all planes should return to GIG.

In addition, there are already two judicial decisions in the USA granting to lessors the repossession of 19 aircraft as soon as the Bankruptcy Court of New York overrule the protective injunction granted to Varig.

I checked a few minutes ago the website of the Brazilian Ministry of Defense, which is the public authority ultimately responsible to supervise the civil aviation activities, and there is a meeting scheduled for tomorrow morning among the Ministry of Defense and the CEOs of all Brazilian airliners, except Varig's CEO.

Notwithstanding, the Judge in charge of the bankruptcy procedure approved today the sale of Varig to NV Participações (a company formed by Varig's employees and some unidentified investors), but NV did not presented any guarantees. The judge granted 3 days for NV to deposit the first installment in the total amount of US$75M. However, this decision was not very welcomed by the creditors.

You all can be absolutely sure that I am really sad and disapointed to start this thread. I was very optmist since the begining of all that, I even worked in Varig's restructuring plan helping to structure some investment funds to fund the plan.

If this rumor about Varig ceasing its operations tomorrow becomes a reality we will see the end of an icon.

Unfortunately, thats it.

José Carlos

230 replies: All unread, showing first 25:
 
User currently offlineAvConsultant From United States of America, joined Feb 2006, 1360 posts, RR: 2
Reply 1, posted (8 years 6 months 2 weeks 4 hours ago) and read 27035 times:

How will the soccer team return home?

User currently offlineBoeingguy1 From Ireland, joined Jan 2006, 415 posts, RR: 1
Reply 2, posted (8 years 6 months 2 weeks 4 hours ago) and read 27005 times:

Quoting AvConsultant (Reply 1):
How will the soccer team return home?

"Special Lufthansa Charter"... lol



Gatwick South! Id rather crash in Brighton!
User currently offlineFlyDeltaJets From United States of America, joined Feb 2006, 1938 posts, RR: 2
Reply 3, posted (8 years 6 months 2 weeks 4 hours ago) and read 27005 times:
Support Airliners.net - become a First Class Member!

TO be honest with the exception of the last two days the only RG a/c I have seen is the one by the AA hangar. But it would be sad to see anybody lose thier jobs.


The only valid opinions are those based in facts
User currently offlineJetBlueAtJFK From United States of America, joined Jan 2005, 1687 posts, RR: 3
Reply 4, posted (8 years 6 months 2 weeks 4 hours ago) and read 26969 times:

Well I hope not but if it does what time do you think they will stop ops. And tomorrow morning everyone should track many Varig flights to see if they start to cancel any.

B6jfk airplane 



When You Know jetBlue, You Know Better
User currently offlineAvConsultant From United States of America, joined Feb 2006, 1360 posts, RR: 2
Reply 5, posted (8 years 6 months 2 weeks 3 hours ago) and read 26879 times:

Quoting Boeingguy1 (Reply 2):
"Special Lufthansa Charter"... lol

How did Emirates land the World Cup sponsorship in Luthansa's back yard?


User currently offlineDLKAPA From , joined Dec 1969, posts, RR:
Reply 6, posted (8 years 6 months 2 weeks 3 hours ago) and read 26861 times:

Quoting JetBlueAtJFK (Reply 4):
Well I hope not but if it does what time do you think they will stop ops. And tomorrow morning everyone should track many Varig flights to see if they start to cancel any.

Specifically, longhauls from GIG. If they fold, they'll want all the planes there, the announcement probably won't come until sometime midday or into the early afternoon hours, but if they'll announce, it wouldn't make sense to send out their airplanes on longhauls where they'll be away from GIG for 10 or more hours because of the cost in getting the airplane to where it's going but more importantly, getting the airplane back. That's where the shutdown starts.


User currently offlineNewark777 From United States of America, joined Dec 2004, 9348 posts, RR: 29
Reply 7, posted (8 years 6 months 2 weeks 3 hours ago) and read 26861 times:

Quoting AvConsultant (Reply 5):

How did Emirates land the World Cup sponsorship in Luthansa's back yard?

The same way Budweiser got the beer sponsorship.  Wink

Harry



Why grab a Heine when you can grab a Busch?
User currently offlineCadet57 From United States of America, joined Jul 2005, 9085 posts, RR: 30
Reply 8, posted (8 years 6 months 2 weeks 3 hours ago) and read 26765 times:

IIRC, diddnt someone say that they only had enought fuel to last them until this coming Sunday?


Filler



Doors open, right hand side, next stop is Springfield.
User currently offlineDC10Forever From Brazil, joined Oct 2005, 82 posts, RR: 0
Reply 9, posted (8 years 6 months 2 weeks 3 hours ago) and read 26765 times:

I have also heart this rumor. They have also opened its crisis room located at GIG this evening.

However, every week since the beggining of its chapter 11 procedure that I hear someme saying that Varig will cease operation this week. But now the rumor is very, very strong.

Dispite the fact that Judge Ayoub approved the sale of the company to TGV, I have just read on O Globo newpaper that they still don't have the money !!!

http://oglobo.globo.com/online/plantao/2006/06/19/284336911.asp

It's a joke.



Better one flying than two grounded
User currently offlineSampa737 From Brazil, joined May 2005, 637 posts, RR: 1
Reply 10, posted (8 years 6 months 2 weeks 3 hours ago) and read 26737 times:

Wow...it IS over. Sad day in Brasil.

User currently offlineLooneyToon From United States of America, joined Mar 2005, 444 posts, RR: 1
Reply 11, posted (8 years 6 months 2 weeks 3 hours ago) and read 26672 times:

Quoting DC10Forever (Reply 9):
approved the sale of the company to TGV

who is TGV?



LooneyToon
User currently offlineMirrodie From United States of America, joined Apr 2000, 7444 posts, RR: 62
Reply 12, posted (8 years 6 months 2 weeks 3 hours ago) and read 26611 times:
Support Airliners.net - become a First Class Member!

Whoa, so I just got a pic of PP-VRE at JFK

Also saw PP-VTE leaving JFK today, a Varig Charter plane. So I saw its last voyage?!



Forum moderator 2001-2010; He's a pedantic, pontificating, pretentious bastard, a belligerent old fart, a worthless st
User currently offlineLTBEWR From United States of America, joined Jan 2004, 13209 posts, RR: 16
Reply 13, posted (8 years 6 months 2 weeks 3 hours ago) and read 26515 times:

If one follows the way other airlines have ceased ops, the most important thing is to secure the airplanes at a central location, not in other countries where creditors can seize them (like anywhere in the USA). I would suspect that no flights outside of Brazil will occur from 12:01 am Tuesday, and some aircraft outside Brazil will be deadheading (empty) back home. Then the ticket counters will be closed off, the employees when the arrive to work told to go home, except for a selected few to secure the assets, assist pax with other arrangements.
By the way, will the other airlines take Varig tickets/e-tickets toward flights with them on a first come/first served/space available basis for a short time (as sometimes happens in the USA) ?.


User currently offlineJrosa From Brazil, joined Jun 2005, 367 posts, RR: 11
Reply 14, posted (8 years 6 months 2 weeks 3 hours ago) and read 26437 times:

Quoting LooneyToon (Reply 11):
who is TGV?

Trabalhadores do Grupo Varig = Workers from Varig Group. TGV formed NV Participações, the entity that acquired Varig in the auction.

Quoting LTBEWR (Reply 13):
By the way, will the other airlines take Varig tickets/e-tickets toward flights with them on a first come/first served/space available basis for a short time (as sometimes happens in the USA) ?.

According to the Brazilian Government, yes. Including the passengers stranded in Germany because of the World Cup.


User currently offlineLooneyToon From United States of America, joined Mar 2005, 444 posts, RR: 1
Reply 15, posted (8 years 6 months 2 weeks 3 hours ago) and read 26415 times:

this is going to be a sad moment, whenever it happens...  Sad


LooneyToon
User currently offlineB4real From United States of America, joined Aug 2003, 2661 posts, RR: 5
Reply 16, posted (8 years 6 months 2 weeks 3 hours ago) and read 26415 times:

I'm having trouble doing some tracking of RG flights. Can anyone track them?


B4REAL, spelled like it sounds
User currently offlineLonghornmaniac From United States of America, joined Jun 2005, 3363 posts, RR: 46
Reply 17, posted (8 years 6 months 2 weeks 2 hours ago) and read 26386 times:

While I have absolutely no affiliation or preference one way or the other about RG, and have never flown them, this is really really sad, almost depressing. To hear about people getting photos of a planes last voyage on a certain airline, and employees asked to go home, and attempting to fathom an airline running out of money to the point where they don't have enough money for one daily operation is really sad.

RIP Varig  tombstone 

And a heartfelt thank you and God Bless goes out to all the RG employees, who have done more than their share to keep the airline industry going strong. I hope everyone can find a new job.

Cheers,
Cameron


User currently offlineSampa737 From Brazil, joined May 2005, 637 posts, RR: 1
Reply 18, posted (8 years 6 months 2 weeks 2 hours ago) and read 26386 times:

Been trying to track since late evening. Haven't been able to yet.  Sad

User currently offlineB4real From United States of America, joined Aug 2003, 2661 posts, RR: 5
Reply 19, posted (8 years 6 months 2 weeks 2 hours ago) and read 26333 times:

I'm found RG 8752 GRU-LHR that should have taken off last night @ 11:40 P.M. not yet airborne on Flytecomm.

I've flown RG, they were good to me. Good service, nice planes, good food.



B4REAL, spelled like it sounds
User currently offlineCleared2land4 From United States of America, joined Feb 2005, 176 posts, RR: 0
Reply 20, posted (8 years 6 months 2 weeks 2 hours ago) and read 26261 times:

Nothing new on flightaware.com =(


United Airlines... "It's Time to Fly."
User currently offlineB4real From United States of America, joined Aug 2003, 2661 posts, RR: 5
Reply 21, posted (8 years 6 months 2 weeks 2 hours ago) and read 26261 times:

These two news stories have popped up that don't indicate an operational stop is as soon as now:

http://www.bloomberg.com/apps/news?p...d=aKfL1PaEh8To&refer=latin_america

http://www.forbes.com/home/feeds/afx/2006/06/19/afx2825966.html

However, I still can't find any outbound RG flights from GRU.



B4REAL, spelled like it sounds
User currently offlineNewark777 From United States of America, joined Dec 2004, 9348 posts, RR: 29
Reply 22, posted (8 years 6 months 2 weeks 2 hours ago) and read 26204 times:

Here's the GRU activity page. Is that an unusual amount of cancellations?

http://www.infraero.gov.br/sivnet/modelo.php?ai=SBGR&sent=P

Harry



Why grab a Heine when you can grab a Busch?
User currently offlineRayChuang From United States of America, joined Jun 2000, 8048 posts, RR: 5
Reply 23, posted (8 years 6 months 2 weeks 2 hours ago) and read 26013 times:

With Varig shutting down, can TAM take up the slack? And can other international airlines fill in the gap caused by the shutdown of Varig?

User currently offlineTACAA320 From , joined Dec 1969, posts, RR:
Reply 24, posted (8 years 6 months 2 weeks 1 hour ago) and read 25814 times:

http://www.rte.ie/business/2006/0615/varig.html

25 KLM685 : Sad Day for Brazil and Latinamerica. Varig was certainly a leader among latin airlines. I was just lucky to fly them when they were still holding up!
26 Jog : Just a current picture of yesterday's GRU flights which are not in the air yet according to infraero's website: Flight To Date Scheduled Estimated Ter
27 AR385 : If this rumor is true, I think we should stop with the silly jokes, at least for a few days. A lot of actual people are going to go through hard times
28 Jog : " target=_blank>http://www.bloomberg.com/apps/news?p...erica This article finally explains what this job really is about (it is so often so true...):
29 Adriaticus : And your point is...?? __Ad.
30 Jog : if I am not totally wrong it should be flight attendant, although you often have to fight in this job... and I really look up to these flight attenda
31 WesternA318 : Isn't this kinda how Braniff shut down? By making sure all the planes were parked home at DFW? Same here, I flew them in 92 on a 747-300 from LAX to
32 Aeroflot777 : It's truly sad to see such a carrier go. By now I think its pretty certain that the airline is completely shutting down. Good luck to all the Varig em
33 Post contains links HBDAN : Hey hey hey, calm down!!!! http://www.terra.net.lb/wp/Articles/....aspx?ArticleID=291431&ChannelId=6 http://www.thestar.com/NASApp/cs/Con...geid=96835
34 BlueFlyer : Not a pretty picture, and RG8818/MIA is now more than 4 hours late without an explanation. On the other hand, RG8752/LHR left, 30 minutes late, but i
35 LTU932 : I still hope these rumours are false, but if they were to be confirmed, it would be a very sad day for Aviation. My sympathies to the employees of RG,
36 MaartenV : Seeing that RG has been financially unstable the last couple of years. Knowing that the bid for Varig which has been accepted by the judge was way lo
37 Padster : The varig LHR flight is "contact airline " on the LHR website , it does not look good...
38 HBDAN : It is yesterday's flight. Today's flight is on its route to LHR. Regards, HBDAN
39 BlueFlyer : Fair and probably accurate reasoning, but with a company in a financial situation such as Varig, it is as much risk management as gambling. If, as a
40 Luxair : As said above, it's another rumour and I hope that it's not true, if yes, than it will be a very sad day in aviation history. VARIG, one of the big na
41 Post contains images Lamedianaranja : That's how I remember the end of Viasa, late afternoon of the 23rd of January 97 all a/c had returned home to CCS and then they announced the cease o
42 SR800 : As a former SR employee I can only imagine what the 1000s of dedicated RG staff must be thinking & going through now. Stay strong, and all the best to
43 AirCanada014 : Well if tomorrow is over don't forget you still have AC and TP to decide if they will invest in RG by midnight tonight.
44 JJMNGR : Guys, Rumors or not that this will happen today, all this is just part of this long soap opera. If will not be today, might me tomorrow, or in 5 days,
45 Post contains images Noelg : Look on the bright side. Nobody has died, other jobs are out there. I've been made redundant before and as much as it feels crap at the time, there a
46 HBDAN : 1- You live in England, not in Brazil. The unemployement rate is sligtly different I belive. 2- You were made redundand, it was not your company (for
47 Panamair : I haven't been following all the details closely, but from what I've read so far, sadly, I have to agree with you. Even though the new owners don't h
48 GBan : Difference is that we are still allowed to fly Lufthansa but we are not allowed to drink German/Bavarian beer anywhere near the world cup venues. Not
49 HangarRat : As of 0826 on 6-20, PANYNJ is still listing outbound RG flights on its Web site.
50 JJMNGR : Panamair, This thing about the new owners will not take the debits from the "old VARIG" is pure "bull...." This was something that the judge self titl
51 Jog : I guess there is a lot of truth in here. My personal feeling (without having any inside knowledge besides what is available in the web with limited P
52 JJMNGR : Just this morning 29 flights were cancelled.
53 Commavia : This reminds me a lot of Alitalia and Olympic, only more extreme. But, while the names may have changed, the story is still basically the same: a neve
54 Hiflyer : The question is what is operating? Are they sacrificing one sector to save another with the limited resources they apparently have? Such as Domestic v
55 Jrosa : 32 flights canceled until 09:30am (Rio de Janeiro Time). Varig has an avarage of 180 flights per day.
56 Post contains images Carmenlu15 : I wish to think these are just rumors, but from what I have read here and in various news sources, they are not too far from truth... For the sake of
57 Post contains images RICARIZA : Paying a lot of millions, but at the end LH is having a "free ride" of the world cup booming. Yes, but everybody is drinking German beer in Germany..
58 RICARIZA : I hope not, I really mean it. Unfortunately this morning I didn't see the MD11 that I see everyday at MIA... bad sign.
59 LatinAviation : Any official news on this? The news wires haven't reported anything additional. Moreover, tomorrow (6/21) is when the US judge will rule on the fate o
60 Nycfly75 : Alitalia has NEVER been this close to folding ever. Even during the 2004 fall crisis negotiations, the situation warned of a demise if labor deals we
61 HBDAN : How many departed? And to which destinations? Regards, HBDAN
62 JJMNGR : Just received the inforamation that IATA send an alert to every intl. carrier not to accept RG´s tkts anymore as they were removerd from IATA Clearin
63 HBDAN : What about the MAD flight that was due to depart around 7:00 am local time from Sao Paolo (rescheduled)? Regards, HBDAN
64 ANother : That, in it self, doesn't mean that they are insolvent - just that they are unable to provide the necessary financial guarantees to the ICH. It is no
65 Noelg : What does all this mean for those of ue expecting refunds from VARIG? Thanks to their "3 month processing time" for refunds ours our still going thro
66 ANother : The clearing house deals with intra-carrier settlement - not refunds to customers. Sales go through the BSPs (Billing and Settlement Plans) which is
67 Commavia : Very true, as they keep getting saved by the Italian government. Nonetheless, there are parallels, and I think that unfortunately for some, both thes
68 NumberTwelve : ... and the same way Mc D can sell junk in the stadiums instead of German food. But fortunatelly people also get Bitburger beer in stadium when they
69 Jrosa : 51 flights canceled until noon (Rio de Janeiro Time). The MAD flight is a code share, it is not operated by Varig, if I am not wrong Spanair is operat
70 Post contains images PRAirbus : This is very sad...most likely there will be a back and forth soap opera, blame-game, etc...employess will march through town and airline headquarters
71 Post contains links Ctbarnes : This appears to be the latest, from BBC News: http://news.bbc.co.uk/2/hi/business/5097180.stm Charles, SJ
72 Commavia : Question: what will be the response from Star Alliance should VARIG collapse? When Ansett collapsed, shutting Star off from most of its feed from inte
73 Alitalia744 : While there is truth in the "they get saved by the Italian government," people outside of Italy do not necessarily understand the dynamics of Alitali
74 Post contains images Asturias : This is very sad Varig is a great airline with such a proud history. I hope they pull through somehow! IMO the right thing would be for the Brazilian
75 Commavia : I understand them perfectly. Italy, like most of the rest of Europe, is a socialist haven where labor unions run the vote and thus no politicians is
76 MaartenV : I agree with you that Alitalia and Olympic should be dead and buried, but your statement doesn't make any sense. The crisis and bail-out of Alitalia
77 Commavia : It's not just about Berlusconi, althought the pervasive socialist, 'save the state-run company' culture and mentality obviously corrupted this "every
78 MrMcCoy : I just received a call from a collegue of mine in South America confirming that something is "up" at VARIG today. Nothing official or even semi-offici
79 BlueFlyer : It means you better have paid whatever ticket you need refunded with a credit card, otherwise you will not get a dime of your money back if/when the
80 MaartenV : I totally agree with you that saving Alitalia was the wrong thing to do. But it was more of a nationalistic act then a socialist in my opinion. I agre
81 Sampa737 : According to the Folha online as of 14:15h, Varig has cancelled at least 50 domestic and international flights today, June 20.
82 Jetdeltamsy : Per the book, Flying Colors, that was mostly in receiveables. And most of that was money Braniff had no proof was owed to them at the time of the shu
83 Jetdeltamsy : I disagree that USAir "screwed" anybody. The investors FREELY put their money behind the second failed USAirways. Nobody made them invest in the new
84 Commavia : One very important difference, though: USAirways has been destroying private capital, not public capital. The people who have invested in USAirways o
85 Post contains images MD80Nut : Varig is one of the few Latin American airlines I haven't flown in, my trips to Brazil have been on AA and TAM. I'm sad to see this great name in avia
86 Post contains images QXatFAT : Here is a link saying 32 but is not 100% certain. Poor Varig
87 Post contains links QXatFAT : http://www.bloomberg.com/apps/news?p...d=ancU8BsCMi38&refer=latin_america Sorry there is the link
88 Post contains links Spartanmjf : I don't know if it means anything but I cannot get the US website to respond with anything other than HTML junk: http://portal.varig.com.br/us/varig/i
89 Antiuser : Petrobras says RG still has enough fuel to fly at least today, but they only have 25 operational aircraft - 36 are grounded. BRA has already contacted
90 Alitalia744 : You a betting man on that?
91 Alitalia744 : Why is everyone from the US here complaining about state-aid provided to the Euro airlines - yes it happens, but didn't many of our legacy carriers ge
92 FMAL : I agree with you 100%. Its very much like a virus. We all know a certain group took hold of Varig's higher management, sucked the company dry and whe
93 Commavia : No. And frankly, I'd love to know where, exactly, you got that idea from. A non-federal government giving an incentive subsidy to an airline to entic
94 Alitalia744 : weren't they in the form of loans or something? net - $ given at some point
95 Nycfly75 : I say its all about the very jingoistic "we cant do no wrong" American attitude. I agree that the unions in Italy need to be put in their place and A
96 Post contains images MaartenV : Guess we agree on the basic points and I'm glad you enjoyed your visit to the Netherlands, I liked living in Dallas as well .
97 Commavia : They were not loans. They were grants paid by the government to the airlines as reimbursement for the air traffic system in the U.S. being shut down
98 Jetdeltamsy : Financial assistance from any source amounts to a subsidy. I agree Alitalia gets bailed out all th time, but US carriers received incentives and subs
99 FMAL : Right, a cancer....they tried chemo, but it wouldn't take, unfortunately, death follows. I'm one of the people who grew up dreaming of working for Va
100 BlueFlyer : Yup. What's at stake? Naming rights for the carrier that will succeed Alitalia if/when it goes belly up? Just a temporary glitch.
101 DFORCE1 : LISBON, Portugal (AP) - Portugal's state-owned airline has decided it is not interested in joining a bidding process to acquire Brazil's embattled fla
102 Alitalia744 : At the end of the day, it was money given to bail out the carriers. What is good for the Goose ComAAvia has to be good for the Gander.
103 MrMcCoy : Yeah, I've read it too. It did turn out that Braniff was able to float the post-bk airline for a while on that extra cash, but it's not Braniff I'm n
104 RyGuy : but if they were closing, why are they still selling tickets on their website??? Thanks, RyGuy
105 B4real : Can anyone confirm any RG flight operating today?
106 Jetdeltamsy : until a shutdown is announced, airlines continue to sell tickets and collect money. from what i read on english language brazilian news sites, they h
107 Jog : As the website of Infraero is quite hard to reach at the moment, here again some of RG's flights from GRU today as shown on Infraero's website (not su
108 B4real : Is that from GRU or to GRU?
109 Jog : All flights are flights from GRU
110 Spartanmjf : RG 8779 from FRA to Rio is showing as cancelled on the FRA website.
111 FMAL : Is the aircraft at the tarmac in Frankfurt?
112 Nycfly75 : If Varig does in fact go out of business, will TAM step in or will it be GOL?
113 Lijnden : Varig is dead. Very sad indeed that nobody is willing to step in. I guess buying from the currator is cheaper. Sad, sad , sad... It was a marvelous ai
114 Nycfly75 : It is very sad. It was one of the planes that I was alswyas excited to see growing up by JFK.
115 Shane : both
116 Airzim : Actually Commavia is correct. The government ran the risk of every US carrier at serious risk of collapse if the government didn't help out after 9/1
117 PanHAM : RG8741 FRA/GRU is shown as operating, could very well be the last RG flight leaving FRA. confirm that the RIO flight is canx Very sad indeed for an a
118 ScottB : US Airways filed for its second bankruptcy reorganization nearly a year before oil got close to $60/barrel; oil was just above $45/bbl at the time US
119 Avianca707359B : I just called Varig reservations (800-468-2744) and a recording was playing that all departures and arrivals from JFK and MIA to GRU and GIG have been
120 Flyingchoirboy : This is quite upsetting. This is the LAST thing Brazil needs. I don't know the specifics regarding its economic security, but I do know that it has ha
121 Commavia : Okay, so VARIG is apparently canning flights to the U.S. "temporarily." Seeing as the U.S. is probably one of VARIG'S largest and most important inter
122 Jog : RG8740 to FRA is confirmed on time tonight (21:55). So there might be a chance that it was not the last one.
123 Jrosa : The cancelled flights count was 118 flights until 06:00pm (Rio de Janeiro Time). Varig is just operating 25 aircraft today, the remaining are grounded
124 MrMcCoy : The airline is unofficially suspending all non-core operations.
125 Hiflyer : [quote=Jrosa,reply=124]the remaining are grounded due to maintenance or to avoid a repossession. I would suspect that then the time is quite short if
126 Jetdeltamsy : This is so their aircraft don't get repossessed.
127 Post contains links Jetdeltamsy : Only 10,000 employees and 51 aircraft, of which only 15 are flying..according to the following... http://www.brazzilmag.com/content/view/6669/53/ "Th
128 FlyDeltaJets : They cant reposess the a/c in Brazil.
129 STT757 : They will probably have their aircraft reposesed on spot if they land at MIA, JFK or LAX.
130 JJMNGR : Just saw on major national television news right now that VARIG annouced that all flights to and from USA are cancelled and not plans for return.
131 Coronado : It looks like only two intercontinental flights are operating today Tuesday June 20? The 9:55PM departure to Madrid with a special extension to Frankf
132 Lincoln : I don't know the stats so it could very well be an apples-to-apples comparison, but there are several ways to count staff, the most common that I'm a
133 MalpensaSFO : VARIG is all but in the coffin at this point. Word to the wise if anyone is planning to travel Brazil within the next three months. Book now, as I ha
134 ScottB : But do you think the Brazilian government will be open to the American carriers increasing service on these routes, or do you expect that they would
135 Etops1 : this is sad news. i am very disturbed by this news. i wish the employees at varig good luck.
136 LTBEWR : It is a shame that Varig seems to be dying in front of us. Too bad they couldn't have pulled back, cut routes and frequency. Perhaps if they had becom
137 Aaway : Doubtful the Brazilian government would alter or suspend the current bilateral w/the U.S. in order to facilitate a higher level of market incursion b
138 Saturn5 : Maybe they should cut surplus employees first. Having such high ratio of employees to aircraft count is not a sustainable arrangement.
139 Ualcsr : I remember walking through MIA and seeing counters for VASP, Transbrasil and Varig. How times have changed. I hope they can pull it out at the last mi
140 Stirling : I just heard via a non-aviation source in the music industry that a recording session with Ivan Lins in Rio de Janeiro has been cancelled, or postpone
141 MalpensaSFO : It is funny the way you like to spin the state aid(subsidizing), by the way the subsidized routes are paid for with taxpayer dollars, so that is the
142 Antoniemey : Yeah, but I'm pretty sure CO counts all its employees, especially under Go Forward. (I also remember when they put banners up in all their stations a
143 Post contains images Luisde8cd : Today's Varig AUA-CCS-GRU-GIG flight is cancelled because RG cannot pay to fuel the plane here in CCS. Apparentely we got one Varig bird (757-200) str
144 Nycfly75 : You win my post of the day award and a sport on my respected users list.
145 Post contains links TACAA320 : " Why does VARIG deserve your trust VARIG will continue to be your preference. VARIG vows not to compromise the operational integrity which has made i
146 HBDAN : Seems quite like a desperate letter.... Regards HBDAN
147 Post contains images MaartenV : It seems that they have gone in to the Brazilian version of chapter 11 and therefore have quit flying to the USA in order to prevent any repossessions
148 HBDAN : I suggested deletion of the other thead because it is stating WRONG information. Read it and I believe you will agree with me. Regards, HBDAN
149 Panamair : That letter was posted some time ago when RG first filed for BK. NW and DL posted similar press releases when they first filed for Ch.11 last Septemb
150 Post contains links HBDAN : http://www.infraero.gov.br/sivnet/modelo.php?ai=SBGR&sent=C This is a link to live flights information to/from all brasilian airports. Regards, HBDAN
151 Post contains links Aloges : According to globo.com, the Brazilian Civil Aviation Agency (Anac) has put an emergency plan into place: TAM, Gol, BRA, Ocean Air and Web Jet are to t
152 FlyDeltaJets : I think that is because a majority of the cities that RG serves they use contract companies for ground services
153 Aaway : Unfortunately, Los Angeles loses nonstop service near-term, until such time that TAM (or GOL) can obtain suitable long haul equipment. Anyhow, RG's L
154 NumberTwelve : lol, Maarten, funny reason. but what to expect?
155 JJMNGR : Just saw on the press that it is official. VARIG is annoucing that decided to stop 11 intl. operations which are: MIL / MUC / MAD / CDG / JFK / MIA /
156 MalpensaSFO : Softened, yet reliant almost solely on O/D at LAX, with the exception of a SFO or LAS connecting flight. The demand is there, much more so than IAD,
157 Aaway : Well, in the interim, that sufficient O & D demand will have to be served via ATL, IAD, or MIA. It would be foolhardy for the Brazilian government to
158 Kanebear : That now makes two continents *A is very weak... Australia and South America. I would think AA would be pushing hard to get TAM into OneWorld.
159 Post contains links Shane : Isn't Venezuela the land of petro-charity? Where's the love for their South American brothers in their time of need?! http://www.msnbc.msn.com/id/116
160 MalpensaSFO : Star Alliance is out in the cold if VARIG shuts down... Sky Team, is courting GOL, from what is being heard...
161 Post contains links LVZXV : Aerotransport.org reports PP-VRA as having been seized at GIG. Saludos, ZXV P.S. I think we should switch to this thread now: Varig Reportedly Suspend
162 Post contains images MalpensaSFO : All of this sounds like VASP, only 3 years later....
163 RCS763AV : This is terrible, it reminds me of ACES.....but if it hadint been for that shut down, we wouldnt have any airline now. I know AV, AM and LA will be ge
164 MAH4546 : The yield on Los Angeles-Brazil is not very pretty. MIA is being reduced from 2x to 1x daily, not suspended. They are keeping Miami, Frankfurt, Carac
165 LatinAviation : I heard they canceled all flights to the US today, awaiting the NY judge's decision regarding the aircraft leases.
166 DFORCE1 : Just assuming that Varig gets liquidated, what are the odds that AC may pick up their surplus 777's?
167 Ghost77 : But AM's seat capacity to Brazil sucks!!! Winner will be JJ for MIA and US carriers. Same thing could be said for LAX and JFK, and possible AV and LA
168 Rafabozzolla : It is all over the news in Brazil, and on RG´s website. It has suspended int´l flights to MXP, MUC, MAD, CDG, JFK, LAX, MEX, MVD, ASU and BOG. It ha
169 Post contains images Antiuser : This is really sad, but it looks like there's no escape for RG... after the judge decided not to have another auction (after TP and AC showed their in
170 FMAL : 100% correct.
171 JJMNGR : Very sad image of this RG employee....she and all the others deserves respect.
172 LooneyToon : is Varig done for sure, officially yet?
173 Aaway : Had totally forgotten about this option! Yes, LA stands to benefit nicely via SCL. LA had begun advertising direct (1-stop) LAX - Brazil services ear
174 Sampa737 : What does the sign say behind the woman? I'm amazed the airline allowed her to paint the tear but then again, she speaks for every employee and passen
175 Ualcsr : The notion of categorizing "Australia" as a continent by itself is outdated as it leaves New Zealand "continent-less". The preferred term would be "O
176 Jrosa : TAM is giving its contribution to Varig`s end. It scheduled 14 aditional flights to the same few places to where Varig is flying now, those 14 extra f
177 LTU932 : Judging from posts in another thread, we still might have to wait another 12 to 36 hours to be for sure.
178 Arcano : I was in Brazil last week. LAN advertises dayly LAX via LIM, not SCL (I guess LP flight 769/768). Regards )(
179 Ghost77 : Hmm playing rude and moving its cards but if I were the owner of JJ I would respond in the exact same way...!!! This is business... so sad for RG emp
180 QXatFAT : Yes I have flown this route before
181 Aloges : Not necessarily, on their domestic networks. Within Brazil, RG's market share isn't exactly something to be proud of anymore.
182 Post contains images Christeljs : This is really sad. I was going to book LHR-CPH-LHR on 18th of June when I was at Heathrow, because I have never flown an MD-11 and thought I wouldn't
183 Post contains images Noelg : Just spoken to VARIG about my refund, which is still taking 3 months to process. I asked him "So what happens when VARIG go bust then, will I get my m
184 A342 : LipeGIG, where are you when we need you ? To all members, what's the latest situation ? Which will only speed up bankruptcy for RG...
185 Noelg : So it's better for individuals like you and me to lose a lot of money than a large company that is already up shit creek?
186 JJMNGR : TGV admits will be difficult to make deposit of USD75 million tomorrow as they don´t get these funds. The NYC Bankruptcy Court extended to 21JULY the
187 Post contains images MalpensaSFO : NWA is in SkyTeam, and is nothing more than a glorified Tower Air..
188 Ghost77 : Right, only < 10% but I was considering a little more the international side which RG will leave a huge gap about to be covered by JJ and G3 own meta
189 WesternA318 : Oh so very true...
190 PPSMA : Hey! Where´s Lipe and his comments/updates? He should be here at a time like this. Domenico P.S.: please be on the look out for my new thread: " VARI
191 Post contains images Jog : I guess he is celebrating the 4:1 against Japan somewhere in Dortmund/Germany and will be back with us as soon as the party permits it
192 QXatFAT : He is in Germany right now. I forgot when he said he will be back. But he left at the beginning of the tournament.
193 Post contains images PPSMA : MAN!!!! Hope he was not on a VARIG ticket !! (sorry - couldn´t resist it!) Bye...
194 Ualcsr : LOL!!!! Has there ever been a more miserable airline than Tower Air? With all due respect to any former Tower Air employees who might be out there, t
195 JAL : How the heck did Varig get in so much trouble????
196 Glennpower : Well as i predicted some time ago,we are seeing the final collapse of RG,tough decisions should have been made by FRB at least 4 or 5 years ago,(cut n
197 YVRtoYYZ : At what time today is this announcement expected to be made pertaining to whether or not the funds are available to commence with the purchase? -YVRt
198 JJMNGR : TGV has until 14:00 LT to make the deposit.
199 FMAL : Apparently TAP moved out after taking a detailed look at Varig's numbers. There's speculation that VarigLog's owners are again looking at Varig. The T
200 JJMNGR : Guys, Let´s all be honest and put our really feeling out. Does anybody here really believes still has a solution for VARIG current situation? Really?
201 YVRtoYYZ : But if TGV's bid is not approved by 14:00 today, what is the next stage? Does VARIG have no other choice but to liquidate? or Do the courts have to w
202 Panamair : Technically, RG goes back on the auction block again if TGV cannot come up with the $$.
203 YVRtoYYZ : So RG has "bought" itself another 1-2 weeks to find another buyer if they are not sold today? In the meantime, does Varig have enough money to contin
204 JJMNGR : Yes, but who is going to be there? On the 1st auction their situation was miserable. Now they are near to be buried. Everybody knows this is a never e
205 Jrosa : The judge in charge for VARIG's banruptcy procedure schedule a press conference today at 04:00pm Rio de Janeiro time, or 07:00pm GMT. Before that he w
206 Fleet Service : Was talking to some friends of mine at JFK yesterday, they say there is a Varig 777 without engines sitting on a hardstand at Hangar 10.
207 Post contains links YVRtoYYZ : According to this thread http://www.airliners.net/discussions...eneral_aviation/read.main/2809683/ posted on Tues June 06/06, it claims that there is
208 EWRCabincrew : Except the only difference between VARIG and the Titanic is that the Titanic had a band playing.
209 Jrosa : The interview was postponed to 06:00pm Rio de Janeiro time, or 09:00pm GMT.
210 A342 : Did I ever say I'd book with RG now ? Be sure, I wouldn't do so either.
211 Trekster : Its past 2100 gmt, any news yet Dan
212 DC10Forever : Judge Ayuob has just informed on press conference that TGV´s proposal was cancelled due to the failure to pay the US$ 75 million this afternoon. He w
213 Latinplane : I swear you Brazilians really know how to put on a show. In any other country, VARIG would have been pronounced liquidated. It seems that with any me
214 YVRtoYYZ : So the soap opera continues until at least Monday. In the meantime, does Varig have enough funds to continue operating and paying for things like land
215 Post contains links and images Latinplane : The answer is NO! As a matter of fact, most of the 35,000 + Brazilian nationals flown into Germany by RG are now stuck without a way of getting back.
216 SABE : I read about the Brazilian government's plan to use the B707s on CNN.com earlier today. Are there really 35,000 people in Germany holding tickets to r
217 DC10Forever : No. Official numbers from the National Civil Aviation Agency says that there are around 28,000 passengers holding Varig's tickets outside Brazil. In
218 Post contains links LVZXV : How about switching to this one?: Varig Reportedly Suspends All Int'l Ops 21/06/2006 (by LVZXV Jun 21 2006 in Civil Aviation) It's on 46 replies and
219 AJMIA : At a meeting yesterday with partner airlines at MIA I learned that while AA is still accepting RG tickets and FIMs both BA and LAN have stopped alread
220 Post contains links Jetdeltamsy : At last, something on Varig.com about the situation. Not much but it's something. http://portal.varig.com.br/us/varig/...nlayer.2006-06-23.7133201962/
221 LTU932 : That's nothing. In fact, that's just a very small notification by RG that they downsized operations until the 28th.
222 Post contains links TACAA320 : VARIG has reduced its flight operations until June 28, 2006. If you are traveling during this period, please contact our Reservations department to re
223 Trekster : I have been checking there website, and thats the first bit of news regarding the situation at all. Dan
224 Post contains links Jrosa : GOOD NEWS! The Brazilian Civil Aviation Agency (ANAC) issued a press release informing that it approved the acquisition of VarigLog by Volo Brasil, th
225 United787 : " target=_blank>http://www.dac.gov.br/salanoticias/B...g.pdf Can someone translate this?
226 SK601 : I don't know if other airlines have the same policy but as from today, 24 June, KL/AF is NOT accepting any tickets issued by RG or will issue tickets
227 JJMNGR : The press is announcing today that VARIGLOG has injected USD20 M on VARIG giving them some breathe for a week. That´s ok, but isn´t this strange? Th
228 Aloges : It certainly seems like they're playing at high risk - but if they really want to buy Varig, then this is certainly better than letting the company f
229 JJMNGR : Seems to me this is going to be a battle. I think that there will be some actions against the decision of Volo/VARIGLOG deal approval as many people o
230 Garnetpalmetto : Considering the length of this thread, I'm going to lock it. Start Part II as needed.
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