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Brazilian flag carrier Varig has reported the worst results in its 74-year history. The airline made a net loss of 481 million real $207 million in 2001, from sales of 6.1 billion real, compared with 2000 net losses of 179 million real on sales of 5.3 billion real. Varig blamed the disastrous losses on the slowdown of the regional economy and the corresponding high exchange rate - many of its aircraft are leased from US lessor General Electric Capital Aviation Services
nike dunk . A sale and leaseback deal with Boeing helped the company make a 127 million real profit in the last three months of the year. The airline suffered a 35%drop in load factor on US routes after the 11 September attacks. Varig is laden with debt - servicing costs alone were 380 million real in 2001 - prompting majority owner, the FRBPar Group, to seek a buyer for up to 20% of the airline to raise $900 million. There have been local media reports on a possible creditor protection move by Varig, a suggestion rejected by the
yeezy carrier.Meanwhile, fellow Brazilian carrier TAM suffered a 50.8 million real loss for the year on revenues of 2.7 billion real. Source: Flight InternationalTopicsAircraft programmesNetworks Related articles News
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Szabolcs Hajdus latest received the Golden Reel award on Monday as the annual showcase of local cinema came to a close.Biblioth猫que Pascal, which screens next week at the Berlinale Forum, concerns a young, single mothers bizarre adventures, from Romania to Liverpool, in an effort to provide for her child. With surreal set pieces and a magic
yeezy store al plot, Szabolcs Hajdus new film bears little resemblance to his 2006 White Palms.Biblioth猫que Pascal also won the the Best Cinematography prize for Andras Nagy White Palms, Johanna and the Gene Moskowitz Prize, awarded by foreign film critics at the festival.Question In Details was also a big winner in Budapest, earning Zsombor Dyga the Best Director award, which he shared ex aequo with Robert Pejo for The Camera Mur
owala ca derer. Dygas film further won Best Actor Ferenc Elek , Best Editing Judit Czako and the Peoples Choice Award.Among other awards at Hungarian Film Week, Eva Vica Kerekes was named Best Actress for her role in Out/In Tawaret and Jozsef Pacskovszky won Best Screenplay for The Days Of Desire.Select winners, 41st Hungarian Film WeekMain Prize, the Golden Reel: Biblioth猫que Pascal, dir. Szabolcs HajduBest Genre Film: Kolorado Kid, dir. Andras Vagvolgyi B.Best Director ex-aequo : Zsombor Dyga for Question In Details and Robert Pejo for The Camera MurdererBest Cinematography: Andras Nagy for Biblioth猫que PascalBest First Film: Team Building, dir. Reka AlmasiBest Screenplay: Jozsef Pacskovszky for The Days Of DesireBest Ac
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