Brazilian bankruptcy court postponed its Friday decision on whether to allow a group of Varig employees, NV Participacoes, to buy the bankrupt airline for a bid that came in at about half the $860 million minimum at last week's auction (ATWOnline, June 9). The judge opted to delay his ruling until today in order to learn more about the bid, according to a court statement cited by press reports. Unions not involved in the bid have asked the government to take over the airline but the ...

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