TAM Surpasses Estimates of Expansion into the International Market
August 27 2008 - 8:29AM
PR Newswire (US)
Company to initiate a total of five international flights SAO
PAULO, Brazil, Aug. 27 /PRNewswire-FirstCall/ -- TAM (Bovespa:
TAMM4 and NYSE: TAM) is announcing an international market growth
plan that surpasses estimates announced to the market at the end of
2007. (Logo:
http://www.newscom.com/cgi-bin/prnh/20080221/SPTH002LOGO ) In South
America, in addition to the direct flight between Brasilia and
Buenos Aires already in operation, TAM will initiate a flight
between Sao Paulo and Lima (Peru) before the end of the year. For
long distance routes, we have already announced the start of flight
service between Rio de Janeiro and Miami, departing from Belo
Horizonte starting on September 19. Before the end of the year, we
will be initiating two flights that are now in the final phase of
approval before ANAC. Daily flights between: -- Rio de Janeiro and
New York, and -- Sao Paulo and Orlando To sustain our plan for
international growth, we are adding two Boeing 767-300 aircraft to
our fleet plan. With this we will finish 2008 with 125 aircraft, as
indicated in the following table: 2008 2009 2010 2011 2012 B777 4 4
4 4 8 B767 4 4 4 4 4 Airbus wide-body 16 18 20 22 22 Airbus
narrow-body 101 104 110 113 115 Total Fleet 125 130 138 143 143 In
this way, we will be surpassing the estimates previously announced
to the market, maintaining our strategy of selective growth in the
international market and serving the main destinations sought by
Brazilians. This growth is a response to the opportunity currently
available to Brazilian companies that fly to international
destinations. About TAM: TAM (http://www.tam.com.br/) has been the
domestic market leader since July of 2003, and closed July 2008
with 51.1% of market share. The company flies to 42 destinations in
Brazil. Through business agreements signed with regional companies,
it reaches 79 different destinations in Brazil. TAM's market share
among Brazilian companies that operate international flights stood
at 72.5% in July. Operations abroad include TAM flights to 16
destinations in the United States, Europe and South America: New
York and Miami (USA), Paris (France), London (England), Milan
(Italy), Frankfurt (Germany), Madrid (Spain), Buenos Aires and
Bariloche (Argentina), Santa Cruz de la Sierra (Bolivia), Santiago
(Chile), Asuncion and Ciudad del Este (Paraguay), Montevideo
(Uruguay), and Caracas (Venezuela). It has code-share agreements
that make possible the sharing of seats on flights with
international airlines, enabling passengers to travel to 64 other
destinations in the U.S., Europe and South America.
http://www.newscom.com/cgi-bin/prnh/20080221/SPTH002LOGO
http://photoarchive.ap.org/ 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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