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Post Info TOPIC: VARIG to stop???
HAWK21M


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RE: VARIG to stop???
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If a Govt can't no one can.Every Passing day for a Non Flying aircraft adds to the Losses.


regds


MEL



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the_380


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Nothing can be said unless the airline gets totally sold out

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the_380


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News on CNN says that Varig will be purchasing 50 aircrafts this August

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Aseem


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the_380 wrote:

News on CNN says that Varig will be purchasing 50 aircrafts this August

please try finding the link and also quote highlights from text..eager to know what's happening..

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the_380


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I hv managed to get the Anet discussion link still cant get the CNN news link


http://www.airliners.net/discussions/general_aviation/read.main/2930822/


Maybe they are interested in something like these


Image


Image


Image



-- Edited by the_380 at 21:22, 2006-08-11

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karatecatman


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Varig Said to Buy Planes to Boost Fleet
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Here it is!!!


Aug. 10, 2006, 6:13PM
Varig Said to Buy Planes to Boost Fleet
http://www.chron.com/disp/story.mpl/ap/fn/4109257.html


© 2006 The Associated Press


SAO PAULO, Brazil — Brazil's embattled flagship airline Varig will buy 50 airplanes to supplement its dwindling fleet, the airline's new owners told local media Thursday.


The company could invest up to US$300 million (euro234 million) in the airplanes, Marco Antonio Audi, chairman of Volo do Brasil, told the local Agencia Estado news service.


 Audi said he is negotiating "with all plane makers," including Brazil's Empresa Brasileira de Aeronautica SA, or Embraer, and Airbus.


The plan comes a month after Volo do Brasil bought Varig, rescuing the former flagship airline from a possible bankruptcy. Volo, which also owns Varig's former cargo subsidiary, VarigLog, has pledged US$500 million (euro389 million) to allow the company to pay operating debts.


Varig, or Viacao Aerea Rio-Grandense SA, has been in financial trouble for years, with debts of around US$3.6 billion (euro2.8 billion). More recently, it has not been able to pay basic operating expenses, including fuel bills, airport fees and plane-leasing payments.


The company is currently flying only 12 planes on a small portion of its former routes.


Varig's sale must still be approved by Brazil's Civil Aviation Agency, or Anac.


Varig's new owners have submitted plans to cut routes and reduce staff to Judge Luiz Roberto Ayoub, the bankruptcy judge overseeing Varig's restructuring, and to Anac for approval.


Audi said Varig will start flying a new restricted schedule from Aug. 25 with 18 planes and 2,100 workers.


He said that in the first phase the company would fly to Frankfurt, Germany; Buenos Aires, Argentina; and Caracas, Venezuela, among other destinations.


Audi added that Varig will invest heavily in marketing to restore the company's image.


 



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the_380


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RE: VARIG to stop???
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But how will they meet these finances i mean they are already bankrupt and secondly 50 aircrafts and a budget of just $300mn is too less i feel

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