Varig's Savings Annulled By Latest Real Devaluation
Varig's savings in its restructuring process have been wiped out by the 20% devaluation of the Brazilian real in recent months, according to Ozires Silva, president and CEO. He explained that some 60% of the carrier's total liabilities of $900 million are in dollars. "There is no hedge against this...
Subscription Required
This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.
Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.
Already an AWIN subscriber? Login
Did you know? Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.
Related Content
