Press: Geocapital still eyes Varig

Geocapital, part of the Aero-LB consortium in which TAP Portugal is also a part, continues to watch the developments concerning troubled Brazilian airline Varig SA, Lusa news agency reported citing a company source. The source reiterated that Geocapital continues to work with TAP.

On Wednesday, Fernando Pinto, TAP’s chairman confirmed the Portuguese airline’s interest in Varig, should the proposal by a group of employees to take over the company falls through.