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
Small Planet Airlines (Germany) Small Planet Airlines (Germany) Small Planet Airlines GmbH was a German charter airline headquartered in Berlin and a subsidiary of Small Planet Airlines from Lithuania. The airline was founded in 2015 and operated its first charter services out of Düsseldorf Airport using its parent's licence by October 2015. Along with its owner, Small Planet Airlines from Lithuania, which owns 80% of the German airline, and sister airline Small Planet Airlines (Poland), it belongs to the "Small Planet Group". The headquarters in Berlin is expected to have up to 15 employees while each aircraft will be operated by 5 crews of