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Tap and Varig sign an agreement protocol

Rio de Janeiro, Brazil - 20% to the Portuguese airline

The board of directors president of Varig, David Zylberstajn, stated that negotiations have just started and that the Brazilian company has already received various offers to solve the crisis derived by the strong indebtedness of the company. Anyway the acquisition of the 20% of the Varig by the Portuguese Tap seems to be the most probable choice; the signing of the protocol yesterday may represent...

AVIONEWS - World Aeronautical Press Agency - 120610
Rome, Italy, 05/17/2005 18:25
AVIONEWS - World Aeronautical Press Agency

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