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
Ontario Central Airlines Ontario Central Airlines Ontario Central Airlines was a Canadian airline headquartered in Kenora, Ontario. It was founded in 1947. In 1984, the airline was renamed Nunasi-Central Airlines. Ontario Central Airlines was founded in 1947, starting with two Fairchild 82 aircraft. Founded as a charter airline, in 1957 Ontario Central introduced its first scheduled services, having purchased Beechcraft 18 CF-KIA. The first two routes were from Kenora to Winnipeg, Manitoba and return, and from Kenora to Fort Frances, Atikokan and Fort William and return. These services were discontinued in the summer of 1958. In 1963, its President was B E Lamm