Do you want to access to this and other private contents?
Log in if you are a subscriber or click here to request service

GOL acquires Varig

San Paolo, Brazil - Transaction for USD 320 m

GOL Linhas Aereas, the second Brazilian airline after TAM, has concluded the negotiations for Nova Varig (VRG Linhas Aéreas) acquisition. The transaction will require GOL investments for USD 275 m, and for other 45 including the Varig debentures on the stock market, for a total amount of USD 320 m. The agreement, in case of Brazilian authorities approval, will allow the two airlines to independently...

AVIONEWS - World Aeronautical Press Agency - 1071754
Rome, Italy, 03/30/2007 12:11
AVIONEWS - World Aeronautical Press Agency

Similar

AirlinesLondon-Heathrow Airport: third runway by 2025?

CEO Woldbye hopes so, trusting in the decisions of the new Labour government on the long-standing issue

During the Airlines 2024 conference held yesterday in London, Thomas Woldbye, CEO of Heathrow Airport Holdings, highlighted the urgent need for expansion for Heathrow Airport (London's main airport, as... more

AirlinesJapan Airlines and IndiGo launch code-sharing partnership

From next December 16th, agreement subject to government approval

Japan’s national carrier Japan Airlines (JAL) and India’s low-cost carrier IndiGo have today announced the launch of a code-sharing partnership, starting December 16. The partnership will offer customers enh... more

AirlinesSustainability: IAG announces e-SAF agreement with Infinium, an Electrofuel Supplier

Counsell: "We are on track to reach our 10% SAF target by 2030"

International Airlines Group (IAG) has announced a new Sustainable Aviation Fuel (SAF) purchasing agreement with e-SAF electrofuel producer Infinium, which plans to supply the UK market with power-to-liquid... more