To this day, the incident is shrouded in mystery, yet the few facts that are known, paint a picture so shocking, that it is frankly hard to believe. This is the story of Varig flight 254.

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Brazilian airline Varig was sold at auction on Thursday to Volo do Brasil, a local investment fund, for $24 million, saving the airline from collapse, at least for now. Volo has pledged $485 ...

Varig, Brazil's largest airline and the largest air carrier in Latin America, filed for bankruptcy protection in Brazil and the U.S. June 17 but said its operations will be not be effected.