Varig Logística Varig Logística Varig Logística S.A., operating as VarigLog, was a cargo airline, based in Jardim Aeroporto, Campo Belo, São Paulo, Brazil. All operations were suspended on 1 February 2012 and on 27 September 2012 it was declared bankrupt. The airline started operations in September 2000 as a wholly owned subsidiary of Varig and employed 1,345 staff. Varig Log was purchased for US$48.2 million by the consortium Volo do Brasil in December 2005 during the split-up of the assets of Varig. Volo do Brasil comprised the MatlinPatterson Funds and the Brazilian investors Marcos Antonio Audi, Marcos Hapfel and Luiz Eduardo Gallo.
Varig the first change since 1955 - and the membership of Varig on Star Alliance, as of . Varig was its sixth member airline, and first to join after it was launched only 5 months earlier. In spite of some success in the re-organization of the company, Pinto did not have full support of Ruben Berta Foundation, the controller of Varig and, as a consequence, he left the Presidency of Varig on . That same year he became the CEO of TAP Portugal and successfully re-organized that airline. Pinto was succeeded by Ozires Silva, former president of the Brazilian aircraft manufacturer