Varig Porto Alegre, by Otto Ernst Meyer-Labastille, a German aviator decorated in the World War I, who immigrated to Brazil in 1921 and noticed how necessary air transportation was for a large country like Brazil. Varig was an off-spring of the German trade company and airline Condor Syndikat, thus sharing the same origin as Syndicato Condor, later renamed Serviços Aéreos Cruzeiro do Sul. Condor Syndikat gave the initial operational and financial support and for a short time Varig and the sister-company Syndicato Condor operated in partnership. The first aircraft of VARIG was a ten-passenger Dornier Do J Wal flying boat, transferred
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"