TAM secures Airbus financing

TAM has signed a loan agreement with the BNP Paribas bank to
finance up to US$ 117.1 million in pre-delivery payment operations
for 30 Airbus aircraft contracted with the French company, with confirmed
purchase orders and deliveries scheduled for the period 2008 to 2010.
TAM’s fleet plan forecasts that it will close 2008 with 123 aircraft in
operation—four Boeing B777-300ER aircraft and 119 Airbus aircraft. The
company estimates that it will close 2010 with 136 aircraft, already taking
in to account the units that will be returned to lessors in this period
because the respective contracts will come to an end, the policy of
standardization and maintenance of a young fleet and a low average age.