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The Brazilian government will take control of Varig in order to sell it

Brasilia, Brazil - To save airline from its heavy indebtedness situation

The Brazilian government would be discussing the eventuality of a plan to take temporary control of flagship airline Varig, such as then propose it for sale to private investors. The president of Infraero, state-firm which control Brazilian airports, said that government plan would be aimed to save airline from the heavy indebtedness in which it is involved, so the Brazilian administration would take...

AVIONEWS - World Aeronautical Press Agency - 102072
Rome, Italy, 08/23/2004 18:12
AVIONEWS - World Aeronautical Press Agency

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