Varig Varig VARIG (acronym for Viação Aérea RIo-Grandense, "Rio Grandean Airways") was the first airline founded in Brazil, in 1927. From 1965 until 1990, it was Brazil's leading airline, and virtually its only international one. In 2005, Varig went into judicial re-organisation, and in 2006 it was split into two companies – Flex Linhas Aéreas, informally known as "old" Varig, heir to the original airline and now defunct, and "new" Varig, a new company fully integrated into Gol Airlines. "Sociedade Anônima Empresa de Viação Aérea Rio-Grandense – VARIG" was the first national airline established in Brazil. It was founded on in
American Airlines Group could yield more than $1.5 billion a year in added revenue and cost savings. On April 20, American Airlines' three unions said they supported a proposed merger between the two airlines. With AMR under Chapter 11 bankruptcy protection, American Airlines had been looking to merge with another airline. Earlier in July, a bankruptcy court filing stated that US Airways was an American Airlines creditor and "prospective merger partner"; on August 31, US Airways CEO Doug Parker announced that American Airlines and US Airways had signed a nondisclosure agreement, in which they would discuss the possibility of a merger. In February