VARIG (acronym for Viação Aérea RIo-Grandense) was the first airline founded in Brazil, in 1927. From 1965 until 1990 it was Brazil's leading and almost only international airline. In 2005, Varig went into judicial re-organisation, and in 2006 it was split into two companies informally known as "old" Varig — heir to the original airline and now defunct, and "new" Varig — a new company fully integrated into Gol Airlines.