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 ...LIGHT International, 25 December 1975
Brazil's airlines
change formation
VARIG (Viacao Aereo Riograndese) earned US $22 million
last year and even in the first quarter of this year managed
to show a $2-5 million profit. Earlier this year, after six
months of negotiation...
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 ...LIGHT International, 2 August (973 195
AIRLINES: CONTROLLED EXPANSION
Varig
BEING BY FAR the largest airline in Brazil and the national flag-carrier on four continents, Varig takes pride in itself and makes a point of living up to its
reputation. It is in its 47th yea...
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 ...arig: the Brazilian survivor
Varig shares the view of many inter national airlines that the present economic situation does not support
rapid or even positive expansion. The
1983 annual report, wh...
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 ...V
Vitona
V
Campos
_ Macae
"Rio de Janeiro
3JU
Uruguaiana-i.
Livramentoi
Santa Maria T^X^Pelotas
96f/Rio Grande
C^%Horian6poiis
Criciuma
Porto Alegre
Lages.
Sao Jose dos Campos
Santos
Varig/Cruzeiro/Rio-Sul Domestic routes
Macapa *££>£>. jy^Belem
Manaus ^ ^r "LSSo Luis
*"~ Santarem • ^Fortaleza
// Altamira ' Tuourui «
// | \ Teresina "•> Natal
Joao Pessoa
Recife
Maceid
A/a...
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 ...om Rio de Janeiro
Flight photography by TOM HAMILL.
T HE HALF-WEDDING-CAKE terminal building which domi nates the new Rio de Janeiro Airport, Galeao, will
lose its superiority when construction of Varig's new tech
nical complex is a little further advanced. Few passengers
will be aware of the activity "behind the scenes" but in
less than two years Varig will have one of the largest
hangars ...
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 ...LIGHT International, I April 1978 935
cope with current General Electric and Pratt & Whitney
/ engines in the Varig fleet, but Loural says that it was not
worth keeping an ability to service Rolls-Royce Conways
f even though the airline has no immediate intention of
_ selling off its two 707-441s. These en...
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 ...arig/Cruzeiro International routes
ATLANTIC OCEAN
PACIFIC OCEAN
La Paz • ,
Sla.CrurdelaSierr;
Foz do Iguacu
Santiago) •
0 •/Riode Janeiro
iSao Paulo
Porto Alegre
?• Montevideo Buenos Aires ...
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 ...IR TRANSPORT
CUTBACKS JACKSON FLORES / RIO DE JANEIRO
Troubled Varig reduces
fleet and domestic routes
Local partners Nordeste and Rio Sul will take over some of flag carrier's domestic routes
Varig is set to implement further
fleet cuts beyond last month's
...
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 ...IR TRANSPORT
The Star Alliance now embraces five continents
Varig's health measured in constant purchas
ing power increased dramatically in 1996, a
trend which Pinto is naturally eager to encour
age. Stockholder equity increased from Real
334.4 million in ...
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 ...long
side existing members Air Canada,
Air Xew Zealand, All Nippon
Airways, Austrian Airlines Group,
Ansett Australia, Lufthansa, SAS,
Singapore Airlines, Thai Airways
International, United and Varig.
The Star Alliance chief execu
tives' meeting last week in Vienna,
Austria, said the partnership was
"close to completion in terms of
numbers of members". They
added, in a joint statement:...
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 ...irbus offers sweeteners as
it woos Varig in A330 deal
PAUL LEWIS/WASHINGTON DC
MARIO FONSECA/RIO DE JANEIRO
AIRBUS HAS made Varig an attractive offer on up to 24
A3 3 Os in an effort to breakBoeing's
control of the carrier's fleet...
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 ...nd Vang sign rescue deal
Aircraft manufacturer comes to aid of stricken Brazilian flag carrier with $370 million buy and lease-back
Boeing has signed an agreement
providing Brazilian flag carrier
Varig with urgently needed respite
from its worsening financial situa
tion. The $370 million deal will see
Boeing buy and lease back four
Boeing MD-lls and two Boeing
737-3O0s originally acquired...
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 ...razilians go international
Of four airlines in Brazil, two of them, Cruzeiro and Varig, have inter national flag rights, although
Cruzeiro is restricted to South America.
As it happens both are owned by the same
foundation, and are jealously guarding
their privilege. The other...
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 ...urn this would release written-down 737s
for redeployment; Varig has 12. The three
majors together use more than 30 of this
type in the Brazilian arena.
The first move depends on an upturn in
the overall world economy, together with
positive trends in th...
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 ...IR TRANSPORT
Wishing on a star
Varig of Brazil is buoyant about its future
as a member of the Star Alliance
GUY NORRIS/RIO DE JANEIRO
VARIG IS ENTERING one of the most pivotal periods in its 70-year history. After successfully s...
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 ...early R300 million of its losses. Coupled
with R170 million in debt interest pay
ments and the rest related to operational
expenses, at no other time in its 75-year
history has Varig been in such dire straits.
"We were expecting an exceptionally
good year," said Varig's CEO when an
nouncing the airline's exceptionally bad
financial performance during the first half
of 2...
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 ...J U £J JJXJ' B'i? £7
Debt-hit Varig to sell cargo arm
PAUL LEWIS/RIO DE JANEIRO
VARIG PLANS to reduce its debts by raising capital
through the sale of equity in sub
sidiary operations and diversifica
tion into new business ar...
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 ... October 1957 537
the first daily flight in Brazil; and the company embarked on anexpansion programme that has not slowed down since.
Just preceding and during the war years, VARIG, at its ownexpense, built and equipped landing-strips, created weather stations
and an entire radio and telecommunications network, pioneeredflight-safety equipment, and installed night-flying f...
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 ...
Brazil
Tel +55 (21) 206 8592 Fax +55 (21) 253 2044
Website www.voeriosul.com.br
Description The company has maintenance bases in
Sao Paulo, Porto Alegre and Rio de Janeiro.
Parent organisation Varig
Speciality Airframes
Checks BCD
Total number of employees 2,000
Principal makes serviced Boeing 737-500; Embraer
EMB-120, ERJ-145; Fokker 50
Additional services PaintShop
Hangars 6 Hangar...
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 ...n,
updated by die global positioning
system.
Routeing was out of Toronto via
Hudson Bay, the Pole, entering
Russia at its northern-most
point, then over eastern Siberia,
Mongolia and China. •
Varig's financial blues
see boss Pinto ousted
VARIG'S CHIEF executive Fernando Pinto has been dis
missed after die airline reported a
$94 million loss for the 1999 fiscal
year. Ozires Silva, a fo...
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