Brazil’s Varig airline grounds planes as it awaits auction
Published July 20th, 2006
Brazil’s troubled airline Varig grounded 86 of 139 flights scheduled for Tuesday as it awaited a new auction now set for Thursday to sell the carrier and avert a potential collapse.
With bankruptcy looming for what was the flagship airline in Latin America’s largest country, a spokeswoman for the government’s Infraero airports authority said only three of Varig’s 22 international flights would take off on Tuesday.
The remaining foreign destinations included Frankfurt, Miami and London, but even there, problems mounted.
