Brazilian government, in agreement with creditors of flag airway Varig, which is on the edge of bankruptcy by now, has approved a plan to auction off the company. The plan schedules two possible options: either sale of all Varig’s routes and planes for a minimum price of USD 869m, or sale of domestic routes for a minimum price of USD 700m. In both cases the airways’ debts, that amount to USD 3.9bn, wou...