Varig Engineering & Maintenance, a separate legal entity from parent Varig, has not sought bankruptcy protection and continues to maintain its normal operation, the company noted. The airline is seeking to reorganize under the New Bankruptcy and Restructuring Law of Brazil, which took effect June 9 and is similar to US Chapter 11 (ATWOnline, June 21).

Subscribe to Access this Entire Article

"Other News - 06/27/2005" 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.

Already registered? here.