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
European Regions Airline Association was given to Southampton Airport, in Hampshire in southern England. It also organizes a "European regional airline of the year" award, which was attributed to: European Regions Airline Association The European Regions Airline Association is the principal trade association representing intra-European regional airlines. It represents 52 airlines and 139 service providers (2017). The European Regions Airline Association was founded as the European Regional Airlines Association in 1980, by a small number of what were then known as "commuter airlines". The association is registered as a limited company in England & Wales. In the 2000s, the line between low-cost airlines serving