TAM Linhas Aereas and Paraguayan TAM Airlines Unify Management Structure
April 09 2008 - 3:52PM
PR Newswire (US)
Captain David Barioni Neto, president of TAM, assumes executive
management of Asuncion-based company SAO PAULO, Brazil, April 9
/PRNewswire-FirstCall/ -- TAM (Bovespa: TAMM4 and NYSE: TAM)
announced the unification of the management structure of the TAM
Linhas Aereas and the Paraguayan company Transportes Aereos
Mercosur S.A. (TAM Airlines) in order to strengthen the
cohesiveness of the companies making up the TAM Group. Captain
David Barioni Neto, president of TAM Linhas Aereas, will take over
the executive management of TAM Airlines, adding to his
responsibilities as the Board of Directors' chairman of the
Paraguayan company. All TAM Airlines operations will now fall under
the direct management of the respective vice presidencies of TAM
Linhas Aereas. Alberto Fajerman, formerly in charge of the
Paraguayan operation, is leaving the company. (Logo:
http://www.newscom.com/cgi-bin/prnh/20080221/SPTH002LOGO ) TAM
Airlines became the new name of TAM Mercosur in March, in keeping
with guidelines for brand repositioning aligned with the group's
expansion in the international market. TAM Airlines offers flights
from Asuncion to destinations in Argentina (Buenos Aires), Bolivia
(Santa Cruz de La Sierra and Cochabamba), Brazil, Chile (Santiago),
Paraguay (Ciudad del Este) and Uruguay (Montevideo and Punta del
Este). It also provides connections from Cordoba (Argentina) to
Brazil via Ciudad del Este. It operates direct flights to Rio de
Janeiro and Sao Paulo from Buenos Aires and Asuncion, enabling
passengers to make connections to a variety of destinations in
South America, Europe and the United States, taking advantage of
the extensive aerial network of TAM in Brazil and overseas, as well
as code-sharing (sharing of seats) with international carriers.
Since September of 2003, the TAM Group has come to acquire 94.98%
of the shares of TAM Airlines. The remaining 5.02% are held by the
government of Paraguay. Investor Relations: Phone: (55) (11)
5582-9715 Fax: (55) (11) 5582-8149 http://www.tam.com.br/ir Press
Agency: Phone: (55) (11) 5582-8167 Fax: (55) (11) 5582-8155 MVL
Comunicacao Phone. (11) 3594-0302 / 0304 / 0305 About TAM: TAM
(http://www.tam.com.br/) has been the leader in the Brazilian
domestic market for more than four years, and closed March 2008
with a 51.4% market share. The company operates flights to 42
Brazilian destinations. It serves 79 different destinations in the
Brazilian market through commercial agreements with regional
companies. Among Brazilian airline companies, TAM's international
market share was 68.9% in March. Its international operations
include direct flights to 17 destinations: New York and Miami
(USA), Paris (France), London (England), Milan (Italy), Frankfurt
(Germany), Madrid (Spain), Buenos Aires and Cordoba (Argentina),
Santiago (Chile), Caracas (Venezuela), Montevideo and Punta del
Este (Uruguay), Asuncion and Ciudad del Este (Paraguay), and Santa
Cruz de la Sierra and Cochabamba (Bolivia). Additionally, it has
code share agreements with international airlines, which allow
passengers to travel to another 64 destinations in the United
States, South America and Europe. TAM was the first airline company
to launch a loyalty program in Brazil; TAM's program currently has
4.5 million members and has redeemed more than 5.2 million tickets
in exchange for points.
http://www.newscom.com/cgi-bin/prnh/20080221/SPTH002LOGO
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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