Aerovias Brasil Aerovias Brasil Empresa de Transportes Aéreos Aerovias Brasil S/A was a Brazilian airline founded in 1942. It was merged into Varig in 1961, when Varig bought the Consórcio Real-Aerovias-Nacional, of which Aerovias Brasil was one of the partners. Aerovias Brasil was founded on August 26, 1942, as part of an ambitious project of TACA Airlines: the creation of one national airline in each Latin American country. Therefore, two of the shareholders of Taca had 66.6% of the shares whereas 33.4% belonged to 29 Brazilian share-holders being the brothers Oscar and Roberto Taves the most important. Later, the brothers would leave
Varig Embraer. The administration of Ozires Silva, which lasted for only 2.5 years, started with major restructuring in the company, aiming at making Ruben Berta Foundation more powerful and the President-Director weaker. Also, on , all cargo operations were united under a new airline named VarigLog. Even so, the airline presented at the end of the year, for the first time in its history Exposed Net Assets of BRL148.6 million - that is, the amount of debits was greater than the amount of credits and assets. One year later, it would reach BRL523 million. In 2001, Varig saw the birth of