TAP Portugal ended negotiations to acquire a 20% stake in Varig following the Brazilian carrier's bankruptcy filing Friday. The bankruptcy filing voided the agreement, a senior Varig official told the Associated Press. The carrier will continue to operate as it seeks to reorganize under the New Bankruptcy and Restructuring Law of Brazil, which took effect June 9 and is similar to US Chapter 11. The filing became necessary, Varig said, to prevent lessors from repossessing aircraft for which ...

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