Courts to decide on Varig sale today

28/06/2006 - 6h56

Rio - As the aviation worker union tries to halt it [see our other report], two courts, one in Brazil and the other in the United States, will decide if it will be possible for Volo Brasil, through its subsidiary, VarigLog, to buy Varig. The decisions are expected today.

In Rio de Janeiro, at a business court (8ª Vara Empresarial do Rio), judge Luiz Roberto Ayoub, is supposed to emit a definitive decision on the proposal by VarigLog to buy Varig.

In the United States, judge Robert Draian, of the New York Bankruptcy Court, has scheduled a hearing today on the arrest of Varig aircraft by leasing firms.

Translation: Allen Bennett