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Home > Company Index > Transportation > Airlines > Viação Aérea Rio-Grandense, S.A.

Viação Aérea Rio-Grandense, S.A.
 PROFILE
Despite being Brazil's largest airline, Viação Aérea Rio-Grandense (VARIG) still finds itself flying through stormy skies. Heavy debt, high costs, and lost routes have taken their toll on the airline, which now flies passengers and cargo throughout Brazil and to 19 countries worldwide. It has daily flights to neighboring South American countries, including Argentina, Chile, Colombia, and Peru. The airline's fleet consists mostly of Beoing 737s. VARIG is a member of the Star Alliance, a reservations and frequent-flier partnership that includes United Airlines and Lufthansa. FRB-Par Investimentos, a holding company managing the shares of VARIG employees, controls 56% of the airline.

 COMPETITION
AMR Corporation (AMR)
Transbrasil SA Linhas Aereas (TRLA)
Viação Aérea São Paulo S/A - VASP (VASP)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 2,728.10
1-Yr. Sales Growth: 10.9%
Employees: 17,741
Revenue per employee: $153,773.74

 KEY PEOPLE
• Ozires Silva
    CEO
• Dorival Ramos Schultz
    CFO

 CONTACT INFO
Rua 18 de Novembro No. 800 Sao Joao
90240-040 Porto Alegre Rio Grande Sul, Brazil
Phone: 55-51-358-7039
Fax: 55-51-358-7001
Online: Web Site

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