Topic Author
Posts: 247
Joined: Wed May 19, 1999 7:20 am


Sun Mar 14, 1999 1:13 pm

VARIG is in serious financial trouble. Not becasue the airline is bad but becasue of the brazilian economic crisis. I have heard from the brazilian consulate that varig may suspend flights to atlanta and washington because there are simply no passengers on the flights anymore. It is not uncommon to have 50 passengers on the flight to atlanta from sao paulo. also in an effort to make cash Varig may fly LAX-IAH-GRU to fill up the plane. but only once a week. Varig already has authorization to fly to houston. Also rumor has it from the brazilian consulate that continental may abandon plans for IAH-GRU flight, and they will eventually stop flights from newark to sao paulo and rio de janeiro because there is no money being made. I have heard also that VASP, Transbrasil, TAM, and VARIG are all in financial trouble. So lets hope the economic crisis in Brazil gets better so the airlines can continue all their profitable routes to Brazil. Lets remember if Brazil goes into recession so will all of latin america and that will BADLY hurt the U.S , nad if the U.S has econimc problems asia will get back into their crisis then Europe will go down the drain with every one else!!! So lets hope the crisis is only temporary
Posts: 4830
Joined: Tue May 18, 1999 3:49 am


Sun Mar 14, 1999 5:58 pm

I love the way you're just so UPBEAT about this whole situation. (hee hee hee)

Posts: 9
Joined: Fri Jun 17, 2005 9:24 pm


Mon Mar 15, 1999 4:10 am

Brazil need to get his economy in order, privatize ineficient state run companies and cut federal spending. If president Cardoso does not take severe measures not only Varig, but Vasp, Tam, Transbrasil and the rest will suffer. Foreign airlines are going to cut service to Brazil too.


Mon Mar 15, 1999 4:13 am

Varig is, as always, trying to have some government money to compensate for their inefficiency. I couldn´t care less if they go broke this time!

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