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
Southern Star Airlines Southern Star Airlines Southern Star Airlines was a domestic airline based in Juba, the capital and largest city of South Sudan. Southern Star Airlines was founded since the independence of the country in July 2011. The airline owned only one aircraft, which was one de Havilland Canada DHC-8-100, registration . Southern Star Airlines' inaugural flight took place on 20 August 2011. However, after only two months of ""erratic operations"", the airline closed, shut down all operations, and gave away its one and only aircraft to the Kenyan-based airline ALS. Southern Star Airlines formed in 2011 shortly after its independence from