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
Nationwide Airlines (South Africa) sell 51% of the airline that Spring had failed, and as a result management decided to voluntarily cease all flight operations. By May 2008 liquidation proceedings were already in progress. December 2008 saw the first ever auction of Boeing aircraft in South Africa The Nationwide Airlines fleet consisted of the following aircraft (at April 2008): South African Civil Aviation Authority. http://www.caa.co.za Nationwide Airlines (South Africa) Nationwide Airlines was an airline based in Lanseria, South Africa. It operated scheduled domestic and international services. Its main base was OR Tambo International Airport, Johannesburg. On 29 April 2008 the Airline halted operations. The