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
Interlink Airlines of which had been acquired in October 2005. By late 2009, all but one had been withdrawn from service. Additionally, between 2006 and 2007, the airline was in possession of two smaller Embraer EMB 120 Brasilia aircraft. Interlink Airlines Interlink Airlines Pty Ltd. was an airline based in Johannesburg, South Africa, operating scheduled and chartered flights (including medical rescue, and VIP transport services) out of OR Tambo International Airport. Interlink Airlines was founded in 1998. After long-lasting financial troubles, the airline had to suspend all of its flights on 22 February 2010, and went into liquidation on 2 March.. In