Varig Flight 967 Varig Flight 967 Varig Flight 967 was an international cargo flight that disappeared on 30 January 1979 while en route from Narita International Airport in Japan to Rio de Janeiro–Galeão International Airport in Brazil, with a stopover in Los Angeles International Airport. Neither the aircraft, a Boeing 707-323C cargo aircraft, nor the six crew members have ever been found. The aircraft involved was a Boeing 707-323C, construction number 19235, line number 519, delivered new to American Airlines under registration N7562A on 31 August 1966, and sold to Varig and delivered as PP-VLU on 28 March 1974. The jet was powered
Airline air carriers, to rescheme an airlines assets into a profitable organization or liquidating an air carrier of their profitable and worthwhile routes and business operations. Thus the last 50 years of the airline industry have varied from reasonably profitable, to devastatingly depressed. As the first major market to deregulate the industry in 1978, U.S. airlines have experienced more turbulence than almost any other country or region. In fact, no U.S. legacy carrier survived bankruptcy-free. Among the outspoken critics of deregulation, former CEO of American Airlines, Robert Crandall has publicly stated: "Chapter 11 bankruptcy protection filing shows airline industry deregulation was