VRG Linhas AÃ©reas S.A. operating as VARIG is a Brazilian airline owned by Gol Linhas AÃ©reas Inteligentes based in SÃ£o Paulo, Brazil. From the 1960s until the mid-2000s, it was Brazil's leading international airline. In 2005, the airline went into judicial reorganisation (similar to the American concept of bankruptcy protection). â€œVARIGâ€™s Productive Unitâ€ (UPV) was acquired in an auction by the Volo do Brasil consortium, which included former cargo subsidiary, VARIGLOG. A new company emerged and was named as VRG Linhas AÃ©reas in October 2006, but continued to operate under the VARIG brand.
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