The auction of Varig's assets (ATWOnline, May 22) has been moved forward from July 9 to today in what JP Morgan considers "a last-ditch attempt to raise cash to avoid further aircraft confiscation." Separately, a judge presiding over the airline's US bankruptcy reorganization "extended his injunction barring seizure of company aircraft until June 13," according to Merrill Lynch. Today's auction has been opened to any and all interested parties with no pre-qualification required, JP Morgan ...
Subscribe to Access this Entire Article
"Varig auction moved forward to today" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.
