Everything about Vasp totally explained
VASP (
Viação Aérea São Paulo) was an
airline based in
São Paulo,
Brazil. It had main bases at
Congonhas Airport (CGH) and
Guarulhos International Airport (GRU), São Paulo.
History
The airline was established on
November 4 1933 by the state government of
São Paulo and started operations in 1933. VASP was the first airline to serve the interior of the state of São Paulo. At the start of the 1930s, it was the only carrier to operate with land planes. At the time this was a real exploit due to the lack of adequate non-coastal airports. Many landing strips were improvised in flat pastures. This insistence on using only land planes led to the building in 1936 of one of the country’s most important airports, Congonhas, located in the city of São Paulo, far from the coast. During its early years, Congonhas Airport was popularly known as
Campo da VASP ("VASP's [Air]field").
Although it had been remarkably well-run for most of its life as a state-owned company, by the 1980s VASP was being plagued by inefficiency, losses covered by state capital injections, and a bloated payroll for political reasons. Under the Brazilian government's
neoliberal policies newly introduced at the time, VASP was privatized in 1990. A majority stake was bought by the VOE/Canhedo Group, a company formed by the Canhedo Group of Brasília and VASP employees.
Under the command of its new owner and president,
Wagner Canhedo, VASP quickly expanded operations in the country, and created international routes, being the second Brazilian company to do so after 1965. However, after many years of mismanagement, financial losses, soaring debt and bad credit, in 2002 it cancelled all of its international operations to concentrate in the domestic market. By that time, VASP had plummeted from the second to the fourth position in the Brazilian airline market, flying an aged fleet of
Boeing 737s (most of them of the obsolete -200 series) and
Airbus A300s.
The company faced its worst crisis in 2004, which led to the suspension of service to many Brazilian cities and the cancellation of flights. As a result, VASP - once a proud, competitive airline - had its domestic market share reduced to 10%. On
27 January,
2005, Brazil's then civil aviation regulator, DAC, grounded the airline from operating scheduled services pending a financial investigation. VASP was allowed to operate charter services until April 2005, giving it a chance to prove its financial stability in order to retain its air operator certificate.
As of
December 2007, VASP is still not flying. The company's only activity is providing maintenance services to other airlines (in spite of all of VASP's troubles, its maintenance expertise and personnel never ceased to be held in very high regard). It has been operating under the new Brazilian bankruptcy law since July 2006, and had its recovery plan approved in
27 August 2006. VASP had planned to fly again in late 2007, but this didn't happen, and there are no signs that it'll happen in the near future.
Services
Services at time of closure
VASP operated services to the following domestic scheduled destinations (as of January 2005):
Aracaju,
Belém,
Brasília,
Fortaleza,
Foz do Iguaçu,
Maceió,
Manaus,
Natal,
Recife,
Rio de Janeiro,
Salvador,
São Luís,
São Paulo,
Teresina and
Porto Alegre.
Services ended before closure
VASP once had a much more extensive network, which covered virtually every major Brazilian city with an airport and in the 1990s included such international destinations as:
Buenos Aires,
Quito,
Miami,
New York,
Los Angeles,
San Francisco,
Toronto,
Osaka,
Seoul,
Casablanca,
Barcelona,
Brussels and
Athens.
Fleet
When the airline ceased its operations, its fleet consisted of
Airbus A300B2-200,
Boeing 727-200F and
Boeing 737-200/-300 aircraft.
At the height of its expansion, VASP operated
DC-10 and
MD-11 aircraft on its long-haul international routes.
Further Information
Get more info on 'Vasp'.
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