Back

航空公司重组

Restructuring VARIG, Brazil

  • VARIG was established in 1927 and is Brazil's principal air carrier
  • Revenue in 2005 in millions: 2,650.0 USD
  • Fleet: around 70 aircraft in service
  • More than 40 destinations

Project duration

  • Jul 2005 - Feb 2006

Services provided by Lufthansa Consulting
  • Analyze all major areas of VARIG's operations: corporate strategy and structure, network planning, fleet planning, revenue management, sales and distribution, marketing, flight operations, catering, human resources, IT, etc..
  • Develop and quantify improvement measures; design recovery report and respective action plan to support implementation
  • Develop operating revenue, cost and result projection for the period of the recovery plan (2006 to 2009)
  • Assist VARIG in operational questions regarding current structure and new operational units

Project description

After suffering a severe financial and operational crisis, VARIG, the largest Latin American airline, applied for protection under the Brazilian bankruptcy law. VARIG was the first Brazilian company to make use of the law, which had recently been introduced to rescue major companies during debt restructuring.

Lufthansa Consulting was contracted to develop the operational recovery plan that has been delivered to the Brazilian courts as part of the company's legal recovery plan. The financial restructuring plan has been prepared by UBS Securities LLC.

Back