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Varig is nearer bankruptcy

Rio de Janeiro, Brazil - USD 2,7 bn of debts

Things are getting worser and worser for Varig, all-time Brazilian flag airline risking bankruptcy. Its debts amount to USD 2,7 bn and BR, aircraft fuel producer, supplies the carrier’s planes only by short-time bills. The President Marcello Bottini announced cuts for 2900 jobs and yesterday the main unions of the Country organized a march for the benefit of Varig workers. In the last two years all t...

AVIONEWS - World Aeronautical Press Agency - 139161
Rome, Italy, 04/12/2006 17:50
AVIONEWS - World Aeronautical Press Agency

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