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
Sun Country Airlines Sun Country Airlines Sun Country Airlines is a United States-based low-cost airline headquartered in Eagan, Minnesota and based at nearby Minneapolis–Saint Paul International Airport. The airline operates 70 routes, mostly between destinations in the United States, Mexico, Costa Rica and the Caribbean. Sun Country began flight operations in January 1983 with a single Boeing 727-200 jetliner. The airline's original staff consisted of sixteen pilots, sixteen flight attendants, three mechanics and one office person. A number of the original employees had previously worked for Braniff International Airways which ceased operations on May 12, 1981. The company's founder and first President/CEO was