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
American Overseas Airlines Douglas C-54 Skymaster: Vought-Sikorsky VS-44: Vought-Sikorsky VS-44: Douglas DC-3: Douglas C-47 Skytrain: Douglas C-54 Skymaster: Douglas DC-4 Skymaster: Lockheed L-049 Constellation: Boeing 377 Stratocruiser: American Overseas Airlines American Overseas Airlines (AOA) was an airline that operated between the United States and Europe between 1945 and 1950. It was headquartered in Midtown Manhattan, New York City. American Export Airlines (AEA), commonly known as Am Ex, was founded in April 1937 as a wholly owned subsidiary of the shipping company American Export Lines. Transatlantic surveys were done with a Consolidated PBY-4 flying boat and in 1939 AEA placed an order for three