Varig's future is up in the air again as NV Participacoes, the employee-led investor group that was the only bidder at the June 8 auction of the bankrupt carrier, failed to make an initial $75 million down payment Friday, forcing a Rio de Janeiro bankruptcy court to cancel the deal. Judge Luiz Roberto Ayoub told reporters he will meet with government officials, creditors and accountants next week to determine Varig's fate, which could include another auction or liquidation. The airline's ...

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