PROFILE |
 |
Viação Aérea São Paulo (VASP) is in a fight for its survival. Brazil's #2 airline (behind VARIG) is in a financial nosedive, and its creditors are coming to collect. The passenger carrier still flies to 33 Brazilian destinations, but its international flights have been reduced to three, to Buenos Aires only. It has had to lay off about 4,000 employees and return 17 of its aircraft; the carrier owes money to a US leasing company, the Brazilian government's airport management arm, and the US Federal Aviation Administration, which has sued VASP for carrying unmarked poisons and corrosives. CEO Wagner Canhedo Azevedo owns a majority of VASP.
COMPETITION |
 |
Transbrasil SA Linhas Aereas (TRLA)
Viação Aérea Rio-Grandense, S.A. (VAGV4)
|
 |
FINANCIAL OVERVIEW |
 |
Fiscal Year-End: December
1998 Sales (mil.): 1,458.20
1-Yr. Sales Growth: (7.2)%
Employees: 8,725
Revenue per employee: $167,128.94
KEY PEOPLE |
 |
Wagner Canhedo Azevedo
CEO
Cesis Canhedo
CFO
CONTACT INFO |
 |
Praça Comandante Lineugomes, s/n
04626-910 São Paulo, Brazil
Phone: 55-11-532-3000
Fax: 55-11-533-0444
Online: Web Site
|