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
Zagros Airlines Zagros Airlines Zagros Airlines is an Iranian airline headquartered in Tehran and based at Abadan International Airport. Zagros Airlines was founded in 2005 in Abadan, Iran. The airline uses Mehrabad International Airport and Abadan International Airport as its operating bases. In 2007, Zagros Airlines started its first international route from Tehran to the Syrian capital of Damascus. In September 2013, the airline took delivery of an Airbus A320-200. In January 2016, Zagros Airlines acquired Iran's first A319. On March 14, 2017, the airline acquired its first A321-200 through wet lease from Khors Aircompany. "seasonal" As of April 2018, the Zagros