Air Transport World

Varig's.(LATIN AMERICA/CARIBBEAN Report)(auction of international and domestic route operations fail)(Brief article)

Varig's survival was up in the air at press time as an auction of its international and domestic route operations failed to raise much interest beyond an employee group whose bid of BRL1.01 billion ($439 million) including just $125 million in cash fell far short of the $700 million minimum bid set by the bankruptcy court. …

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