The troubled Brazilian airline Varig has been forced to cancel 67 of its 180 daily flights amid fears of impending financial collapse.
The decision came only a day after a bankruptcy judge agreed to sell the airline to a consortium of Varig workers in conjunction with two foreign investors.

They saved Varig from immediate liquidation, but the consortium needs to find US$75m by Friday. The same judge warned that without this payment the buyout will certainly fail.
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