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
Transportes Aéreos Nacional were controlled by the same person, Linneu Gomes, the three airlines operated jointly and in practice it was Real which controlled the consortium. In its time, the Consortium dominated the passenger traffic on the triangle São Paulo, Rio de Janeiro, Belo Horizonte, the economic center of the country. In 1961 the three airlines of the consortium Real-Aerovias-Nacional were purchased by and merged into Varig. Accidents involving fatalities Transportes Aéreos Nacional Transportes Aéreos Nacional was a Brazilian airline founded in 1946. It was merged into Varig in 1961, when Varig bought the Consórcio Real-Aerovias-Nacional, of which Transportes Aéreos Nacional was one