VarigLog, the former freight and logistics arm of Varig, has until Wednesday to finalize its offer for the beleaguered airline, a Rio de Janeiro bankruptcy court said yesterday, according to press reports. After canceling the bid made by an employee-led consortium that could not make a required $75 million payment on Friday (ATWOnline, June 27), the court accepted a $3 million payment from VarigLog to keep Varig afloat while the new bid is prepared. VarigLog's offer reportedly has risen to ...

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