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TAM Surpasses Estimates of Expansion into the International Market

Written by thomas · Filed Under Commercial 

August 27, 2008

thomas

TAM Logo. (PRNewsFoto/TAM)

SAO PAULO, BRAZIL BRAZIL
   

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.

SOURCE TAM

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