Varig Pays Lessors With Funds From VarigLog, VEM Sale
Troubled Brazilian carrier Varig used some of the funds received from the sale of its subsidiaries VarigLog and VEM to pay $56 million to its aircraft lessors, tightening its grip on some 40 aircraft entangled in its debt problems (DAILY, Jan. 5). Varig-controlling group, the Ruben Berta Foundation...
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