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TAM Receives Financial Guarantee Approval from Ex-Im Bank to Finance Four Boeing 777s

Written by thomas · Filed Under Commercial 

July 16, 2008

thomas

Agreement covers aircraft scheduled for deliveries during this year

SAO PAULO, Brazil, July 15 /PRNewswire-FirstCall/ — TAM (Bovespa:
TAMM4 and NYSE: TAM) received the approval from the Export-Import Bank of
the United States (Ex-Im Bank) of a financial guarantee to support the
financing of four Boeing 777-300ER aircraft contracted with the company,
with deliveries scheduled for this year.

Currently, the B777-300ER is the most efficient twin-engine commercial
aircraft in the market in its category, carrying approximately 370
passengers in TAM’s three class configuration.

TAM’s fleet plan forecasts that it will end 2008 with 123 aircraft in
operation — four Boeing B777-300ER, two B767-300ER and 117 Airbus
aircraft. The company estimates that it will end 2012 with 147 aircraft,
maintaining the policy of standardization and having a young fleet with a
low average age.

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