Varig Hits Turbulence Despite Helpful Rulings

Law360, New York (June 21, 2006, 12:00 AM EDT) -- Even though a Brazilian judge gave the green light to the sale of bankrupt airline Varig, the company remains in dire straits and was forced Wednesday to cancel the majority of its flights to the United States and Europe.

In the U.S., the airline still flies out of Miami, but has cancelled all flights from Los Angeles and New York.

Varig, otherwise known as Viacao Area Rio-Grandense, has also cancelled flights in Europe and Latin America because it cannot pay for fuel and maintenance and because...
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