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
Nepal Airlines Nepal Airlines Nepal Airlines Corporation (), formerly known as Royal Nepal Airlines () is the flag carrier of Nepal. Founded in 1958, it is the oldest airline of the country. Out of its main base at Tribhuvan International Airport, Kathmandu, the airline operates domestic services within Nepal and medium-haul services in Asia. The airline's first aircraft was a Douglas DC-3, used to serve domestic routes and a handful of destinations in India. The airline acquired its first jet aircraft, Boeing 727s, in 1972. As of 31 August 2018, the airline operates a fleet of thirteen aircraft. Since 2013, the airline