TransBrasil

TransBrasil logo1TransBrasil logo2TransBrasil is a defunct Brazilian airline which ceased operations in 2001. Transbrasil base was Brasilia International Airport. From the 70´s and until its demise in 2002, Transbrasil was mostly the third largest Brazilian airline after Varig and VASP, serving both domestic and international routes.
In 1954 Sadia acquired its first own Douglas DC-3 and flights became daily. However, since it was not an airline with regular schedule, it could not receive subventions from the government. In order to avoid this restriction, in 1955 Sadia S/A – Transportes Aéreos was created. The first regular flight was operated in 1956. In 1962 Sadia bought TASSA-Transportes Aereos Salvador. In 1972 the name of the airline was changed to Transbrasil S/A Linhas Aéreas and its headquarters were moved to Brasilia. In 1983 Transbrasil starts its international operations, initially with charter flghts – and from 1989, with regular service – to Miami, Orlando and Washington D.C.
In addition to management problems, Transbrasil was also facing other difficulties, specially the reduced or no profit from its international routes, severe competition from other companies in the domestic front (specially TAM) and growing expenses. In 2001 Transbrasil was amassing huge debts with several suppliers. When Shell refused to further supply fuel without payment, Transbrasil’s then ageing and reduced fleet was grounded for good. Finally, in 2003 the company was declared bankrupt after request of one of its major debtors.
Source: Wikipedia

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