Varig, Latin America's oldest airline, averted liquidation as its former cargo unit agreed to invest more than $600 million to take over its operating assets and preserve many of the company's 9,500 ...

Rio de Janeiro, Brazil – Employees at Brazilian former flagship airline Varig went on strike to press demands for back pay after the embattled airline announced it was laying off 5,500 employees as ...

Getting your Trinity Audio player ready... Rio De Janeiro, Brazil – A group of employees of Brazil’s flagship airline Varig scrambled to raise funds Thursday for a first installment toward purchasing ...

Varig, once Brazils largest airline and premier international flag carrier, has been rescued from near-extinction by the owners of its former cargo-carrying subsidiary. The new owner, Varig Logistica, ...

Brazil’s tarnished crown jewel of aviation Varig fell to a United States-Brazilian investor group for a knockdown $24-million — saving the once-proud national carrier from liquidation. Hours after the ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Creditors of Varig, the Brazilian flag-carrying airline under creditor protection with debts of about R$8bn ($3 ...

Varig Flight 254 should have been a routine 40-minute hop to Belém, but one shockingly simple navigation mistake sent the Boeing 737 hundreds of kilometers in the wrong direction over the Amazon.

Viacao Aerea Rio-Grandense, Latin America’s biggest airline and the carrier responsible for most of the international flights from Brazil, filed for protection Friday from creditors in Brazil and the ...

Gol's new long-haul unit is dropping three of its five European routes following heavy losses In a major U-turn, Brazil's Gol has decided to drop three of Varig's European routes only a few months ...