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
Kendell Airlines following aircraft types: Kendell Airlines Kendell Airlines was a regional airline in Australia, in the 1990s the largest in the country. It served major regional centres in New South Wales, Victoria, South Australia and Tasmania from Melbourne, Adelaide, and Sydney. Many of its services were in co-operation with its parent company Ansett Australia from the 1990s. The airline was founded in 1967 as Premiair Aviation by aviation enthusiast Don Kendell and partners, originally serving as an air charter provider and flying school, based in Wagga Wagga. In 1971, the name of the company was changed to Kendell Airlines, which coincided