TAM Announces Acquisition of Four Additional Boeing 777-300ERs
June 19 2007 - 4:36PM
PR Newswire (US)
Company increases its total B777-300ER fleet to eight, further
enhancing its long-range fleet offerings SAO PAULO, Brazil, June 19
/PRNewswire-FirstCall/ -- TAM S.A. (BOVESPA: TAMM4, NYSE: TAM),
Brazil's largest airline, announced today the acquisition of four
additional new Boeing 777-300ERs. (Logo:
http://www.newscom.com/cgi-bin/prnh/20060418/SPTU001LOGO ) The fuel
efficient B777-300ER is the world's largest long-range twin- engine
jetliner and is capable of carrying approximately 370 passengers in
TAM's three class configuration, flying up to 7,930 nautical miles
(14,685 kilometers). TAM became the first Latin American airline to
incorporate this airplane type as part of its long-range fleet plan
after announcing an initial order for four aircraft last year.
Marco Antonio Bologna, TAM's CEO, stated that this new acquisition
is an important step for TAM's growth in the long-haul
international market. The company ended May with 72.4% market share
among Brazilian companies operating in the international market,
according to official ANAC (Brazil's National Civil Aviation
Agency) statistics. TAM's international segment strategy is to grow
by increasing flights to countries where it already operates in
Latin America, the United States and Europe as well as launching
other potential destinations to attract leisure and business
passengers. Currently the largest Latin American Airbus operator of
A319s, A320s and A330s, this is the second TAM acquisition of
Boeing airplanes which brings its 777-300ER fleet to eight in
total. Investor Relations Contact: Phone: (55) (11) 5582-9715 Fax:
(55) (11) 5582-8149 http://www.tam.com.br/ri Press Agency Contact:
Phone: (55) (11) 5582-8167 Fax: (55) (11) 5582-8155 About TAM: TAM
(http://www.tam.com.br/) has been the leader in the Brazilian
domestic market for more than three years, and closed May 2007 with
a 49.7% domestic market share and a 72.4% international market
share. The company operates flights to 49 destinations throughout
Brazil. It serves 76 different cities in the domestic market
through regional alliances. Additionally, it maintains code- share
agreements with international airline companies that allow
passengers to travel to a large number of destinations throughout
the world. TAM was the first Brazilian airline company to launch a
loyalty program. Currently, the program has over 4.0 million
subscribers and has awarded 4.3 million tickets in exchange for
points. http://www.newscom.com/cgi-bin/prnh/20060418/SPTU001LOGO
DATASOURCE: TAM CONTACT: Libano Miranda Barroso, TAM Investor
Relations, +011-55-11-5582-9715, fax, +011-55-11-5582-8149, Web
site: http://www.tam.com.br/
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