Varig

VARIG (, 'Rio Grandean Airways') was the first airline founded in Brazil, in 1927. From 1965 until 1990, it was Brazil's leading airline and virtually its only international one. In 2005, Varig went into judicial restructuring, and in 2006 it was split into two companies: Flex Linhas Aéreas, informally known as "old" Varig, heir to the original airline, now defunct; and "new" Varig, a new company, fully integrated into Gol Linhas Aéreas Inteligentes.

former cargo airline in Brazil

Brazilian aviation company founded in 1927 and absorbed into VARIG in 1993