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Transbrasil looks to new hopes

Rio de Janeiro, Brazil

A new investor is to be named shortly for Brazil's grounded airline, Transbrasil, according to reports from South America. The carrier, which has not flown for six months, has been seeking a deal which will rescue it from insolvency. Despite its problems - it owes a total of USD$691 million to the government and its employees - it has been allowed to retain its operators licence by the Brazilian...

AVIONEWS - World Aeronautical Press Agency - 29581
Rome, Italy, 06/06/2002 17:41
AVIONEWS - World Aeronautical Press Agency

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