Rio judge gives Varig employees until Friday to pay $75 million

Apparently satisfied that an investor group organized by Varig employees has its financial affairs in order, a Rio de Janeiro bankruptcy court judge approved a BRL1.01 billion ($449.7 million) bid for the ailing airline late Monday. Judge Luiz Roberto Ayoub had given his conditional blessing to the...

Subscription Required

 

This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.

Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.

Already an AWIN subscriber? Login

 

Did you know?  Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.