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 Eagle (airline brand) American Eagle (airline brand) American Eagle is an American brand name for the regional branch of American Airlines, under which nine (seven from 2019) individual regional airlines operate short- and medium-haul feeder flights. Three of these airlines, Envoy Air (formerly American Eagle Airlines), Piedmont Airlines, and PSA Airlines, are wholly owned subsidiaries of the American Airlines Group. Prior to the Airline Deregulation Act in 1978, most major US air carriers had maintained close relationships with independent regional carriers in order to feed passengers from smaller markets into the larger cities, and, in turn, onto the larger legacy carriers. In the