Varig services to Varig. Year-long discussions to merge Varig with TAM Airlines ended unsuccessfully in 2004 and the same year Varig fell to third place in the Brazilian domestic market share, behind TAM and Gol. VARIG applied to the Commercial Bankruptcy and Reorganization Court in Rio de Janeiro on , for the commencement of "judicial reorganization" proceedings pursuant to the New Bankruptcy and Restructuring Law of Brazil (Law 11.101). The request was granted on 22 June 2005. VARIG continued to provide services despite its financial troubles. In order to raise funds, the Bankruptcy and Reorganization Court decided to sell two of
Indigo Airlines (American airline) Matt Andersson also reviewed several of Indigo's broader aerospace, consumer and public policy initiatives in his book "The New Airline Code" published in 2005. Indigo Airlines (American airline) Indigo Airlines was an American airline headquartered in Chicago, Illinois. It was the first business jet airline, founded in 1997 by Matt Andersson, John N. Fenton and Tom Svrcek. Its headquarters were first located in Chicago's Near North Side, and later at Chicago Midway Airport. It was the first airline to allow individual travelers to reserve and purchase a single seat on a traditional corporate or business jet, which then flew a