Varig Logística Group had acquired a controlling majority share holdings of Varig Logistica. Between June 2007 and June 2009 Varig Log maintained an operational agreement with FedEx in Brazil. Germán Efromovich (Synergy Group) gave up to buy the airline in 2011. On 3 February 2011 the company suspended its operations and on 27 September 2012 it was declared bankrupt. As of March 2011, VarigLog operated services to the following scheduled destinations: As of December 2011 the fleet of VarigLog included the following aircraft: Varig Logística Varig Logística S.A., operating as VarigLog, was a cargo airline, based in Jardim Aeroporto, Campo Belo, São
Varig a new competitor in the Brazilian market: Gol Airlines and increasing competition of VASP and Transbrasil fighting for survival by dumping fares. Furthermore, for the first time since 1961, Varig lost the first place in the domestic market share in terms of passengers/km for TAM Airlines. Later in the year, the September 11 attacks further increased operational and economic difficulties of Varig. In 2002, Ruben Berta Foundation merged the administration of Varig and its subsidiary Rio Sul Serviços Aéreos Regionais (which included the brand Nordeste Linhas Aéreas Regionais). The three brands were used separately with Rio-Sul and Nordeste providing feeder