Air Transport World

Varig. (News Briefs: Latin America/Caribbean Report).(Manuel Guedes selection)(Brief Article)

Varig named its director of investor relations since 2000, Manuel Guedes, to the post of acting president replacing Arnim Lore, who resigned in late Nov. Lore and the Varig board of directors resigned when the board of the Rubem Berta Foundation, which controls Varig, rejected a restructuring agreement with some of the company's creditors "because it did not adequately meet Varig's need for an injection of fresh capital," the airline said in a statement. …

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