VASP [SEP] airline hub
VASP
Viação Aérea São Paulo S/A (São Paulo Airways), better known as VASP was an airline with its head office in the VASP Building on the grounds of Congonhas-São Paulo Airport in São Paulo, Brazil. It had main bases at São Paulo's two major airports, Congonhas Airport (CGH) and Guarulhos International Airport (GRU).
History.
The airline was established on 4 November 1933 by the state government of São Paulo and started operations on November 12, 1933. VASP was
aircraft (of the Boeing 727 type) in 1970, allowing for the inauguration of flights to Central America and the United States.
History Financial difficulties and demise.
From 1994 onwards, Lloyd Aéreo Boliviano was encountering rising financial difficulties. As a consequence, the Bolivian government prepared the privatization of the airline and began to negotiate with potential buyers. On 19 October 1995, Brazilian airline VASP acquired 50 percent of the LAB shares. In an effort to cut costs, VASP aimed at a full merger of the two airlines,