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.
History of American Airlines the dominant U.S. carrier in the region. On October 15, 1998, American Airlines became the first airline to offer electronic ticketing in the 44 countries it serves. In 1999, American Airlines, British Airways, Cathay Pacific, Canadian Airlines, and Qantas founded the global airline alliance Oneworld. Robert Crandall left in 1998 and was replaced by Donald J. Carty, who negotiated the purchase of the near bankrupt Trans World Airlines (it would file for its third bankruptcy as part of the purchase agreement) and its hub in St. Louis in April 2001. American Airlines began losing money in the economic downturn that