Manufacturing Industry
Rio Sul to decrease operations
Airline Industry Information, March 8, 2002
AIRLINE INDUSTRY INFORMATION-(C)1997-2002 M2 COMMUNICATIONS LTD
Rio Sul, a subsidiary of Brazilian airline Varig, is planning to reduce its fleet and domestic destinations in an effort to cut costs.
The airline is also planning to swap 16 Brazilian-built Embraer aircraft leased from Brazil's National Economic and Social Development Bank (BNDES) - which cost USD150,000 per month - for an unspecified number of larger Boeing 737-700 aircraft.
The airline will receive three Boeing 737-700s in the coming months, Reuters reported.
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COPYRIGHT 2002 M2 Communications Ltd.
COPYRIGHT 2002 Gale Group
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