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
Business class airline Business class airline A business class airline was an airline concept which emerged during the mid-first decade of the 21st century involving a number of airlines that operated all-business class service. Currently, only one all business class airline, La Compagnie, which was founded in 2013, provides an all business class service between Charles de Gaulle Airport in Paris and Newark Liberty International Airport. Service is currently provided using two Boeing 757-200 aircraft, to be supplemented with two Airbus A321neos from 2019. Additionally, a startup known as Odyssey Airlines is planning to launch all business class flight from London City Airport