Situation at Varig is delicate, but carrier continues to operate

09/12/2002 - 17h16

Brasília, 12/10/2002 (Agência Brasil - ABr) - The new president of Varig, Manuel Eduardo Guedes, promised that the carrier would continue to operate normally. "The situation is delicate but we certainly will not stop operations," he declared, following a meeting with minister of Development, Industry and Foreign Trade, Sergio Amaral. Guedes said the company was seeking to open its capital to new investors. Varig has a total debt of around US$900 million. (AB)