Old Varig RIP

Oh this is a sad one.

In Brazil, the judicial administrator of Flex just asked to be able to resign, since without operating, the purpose of this creation (to “hold” the old VARIG debt became senseless

With just one plane, a $2 billion debt load and the hopes of so many former Varig workers (for their pensions) riding... it would never work.

So finally they flew their last flight and Old Varig/Nordeste and Rio Sul are no more.

Cheers