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
Airline Ambassadors International www.airlineamb.org Airline Ambassadors International Airline Ambassadors International (AAI) is a registered 501(c)(3) non-profit organization, affiliated with the United Nations and recognized by the US Congress . It was founded by Nancy Rivard in 1996 and has since donated 50 million dollars in aid to clinics, schools, orphanages and programs in 52 countries. AAI was conceived by Rivard, an American Airlines flight attendant, after seeing first hand wasted excess cargo space on commercial flights. She sought ways to leverage that space for the transport of needed aid by successfully lobbying American Airlines and many other carriers. Additionally Rivard began to enlist