Why did Varig go out of business?
After losing its monopoly in 1991, Varig encountered financial difficulties, and in 2005 it filed for bankruptcy. The following year Varig was bought by an investment group that also owned VarigLog, a cargo business that was a former subsidiary of the airliner.
What happened to Varig?
In 2005, Varig went into judicial restructuring, and in 2006 it was split into two companies – Flex Linhas Aéreas, informally known as “old” Varig, heir to the original airline – now defunct, and “new” Varig, a new company, fully integrated into Gol Airlines….Varig.
| IATA | ICAO | Callsign |
|---|---|---|
| RG | VRG | VARIG |
When did Varig cease operations?
July 20, 2006
Varig/Ceased operations
What happened to Braniff?
The airline ceased air carrier operations in May 1982 because of high fuel prices, credit card interest rates and extreme competition from new airline startups created by the Airline Deregulation Act of December 1978. Two later airlines used the Braniff name: the Hyatt Hotels-backed Braniff, Inc.
What happened Varig 967?
Varig Flight 967 was an international cargo flight that disappeared on 30 January 1979 while en route from Narita International Airport in Japan to Rio de Janeiro–Galeão International Airport in Brazil, with a stopover in Los Angeles International Airport….Varig Flight 967.
| Incident | |
|---|---|
| Fatalities | 6 (presumed) |
| Survivors | 0 (presumed) |
How many 747 did Braniff have?
Fleet Matrix
| Aircraft Type | Historic | Total |
|---|---|---|
| Boeing 727-200 | 15 | 15 |
| Boeing 747 | 11 | 11 |
| Boeing 747-100 | 4 | 4 |
When did Braniff airlines go broke?
Braniff International Airways
| IATA ICAO Callsign BN BNF BRANIFF | |
|---|---|
| Founded | May, 1928 November 3, 1930 |
| Commenced operations | June 20, 1928 November 13, 1930 |
| Ceased operations | Airline operations May 12–13, 1982 (all subsidiaries continued in operation) |
| Hubs | Boston Dallas/Fort Worth Dallas–Love Kansas City Los Angeles Miami |