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Heavy problems for Brazilian airlines
Rio de Janeiro, Brazil - Almost all have troubles
Almost all Brazil airlines are facing big troubles after mounting losses and a threat of bankruptcy for one carrier. The country's major operator, Varig, registered losses of USD209.6m last year, a 169 per cent increase compared to 2000. Rival carriers TAM and VASP posted their first losses in 10 years while Transbrasil, which has been grounded for four months and with total debts of over 450...
AVIONEWS - World Aeronautical Press Agency - 26018
AVIONEWS - World Aeronautical Press Agency
AVIONEWS - World Aeronautical Press Agency