Rumors Fly In Sale Of Struggling Airline
A group of pilots and flight attendants, NV Participacoes, bid $449 million for Varig at a bankruptcy auction for the airline last week—well below the $860 million minimum.
Brazilian Bankruptcy Judge Luiz Roberto Ayoub has since demanded that the employee group come up with $346 million in cash for him to accept the bid.
But Wednesday, a series of contradictory news...
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