Varig Logística Group had acquired a controlling majority share holdings of Varig Logistica. Between June 2007 and June 2009 Varig Log maintained an operational agreement with FedEx in Brazil. Germán Efromovich (Synergy Group) gave up to buy the airline in 2011. On 3 February 2011 the company suspended its operations and on 27 September 2012 it was declared bankrupt. As of March 2011, VarigLog operated services to the following scheduled destinations: As of December 2011 the fleet of VarigLog included the following aircraft: Varig Logística Varig Logística S.A., operating as VarigLog, was a cargo airline, based in Jardim Aeroporto, Campo Belo, São
Varig not fulfilling membership pre-requisites, and on , the IATA code RG and the callsign Varig officially ceased to exist. As a result of accumulated debts, on , at the request of the airline administrator, the 1st Business Court of Rio de Janeiro declared Flex bankrupt and initiated the process of liquidation. However, on September 10, the bankruptcy process was suspended at the request of Ruben Berta Foundation and the company returned in practical terms to recovery order status until the validity of the bankruptcy is judged. VRG Linhas Aéreas S/A was fully integrated in Gol Airlines. On , the "new"