Varig has received bids from 17 companies interested in buying its flight operations, including rivals TAM, Gol, OceanAir and WebJet, according to Merrill Lynch. Under a plan put forward earlier this month (ATWOnline, May 10), Varig's flight operations will be separated from its commercial and nonairline activities and sold separately. The minimum bid for the entire flight operation is $860 million, which includes 46 aircraft. However, the international and domestic arms could be sold ...

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