Brazil Aviation Authority Will Not Veto VarigLog Sale

Brazil’s civil aviation authority, Anac, has denied reports that it is blocking the sale of VarigLog to Volo Brasil. It said that the sale has not yet been approved due to incomplete documentation. The former cargo subsidiary of national carrier Varig was sold in March to Volo for $46 million. The delay of the sale approval may have repercussions on the recent offer made by VarigLog for the crisis-hit carrier for $400 million.