This excerpt taken from the TAM 6-K filed Oct 17, 2006.
Company foresees at least 96 aircraft in operation by the end of the year to support the increasing passenger demand
São Paulo, October 17, 2006 TAM S.A. (BOVESPA: TAMM4, NYSE:TAM), Brazils largest airline company, received yesterday another Airbus aircraft A320, that starts operating today (17). This is the 10th Airbus A320 incorporated this year into TAMs fleet, bringing the total to 91 aircraft, of which 69 are Airbus models 13 A319, 46 A320, and 10 A330. TAM expects its fleet to achieve a minimum of 96 airplanes at the end of 2006.
The aircraft is part of contracts that still foresees the acquisition of 62 Airbus aircraft - 15 A319, 41 A320 and 6 A330 to be delivered until 2010. The contracts include the option of additional 20 aircraft. TAMs strategical plan foresees an operational fleet of 127 Airbus aircraft by the end of 2010.
The new A320 aircraft will fly domestic routes as well as routes throughout South America, following the increase in demand observed over the past months. According to ANAC (Agência Nacional de Aviação Civil); the Brazilian authority, the domestic market increased 14.7% in the period from January to September. During the same period, year-on-year, TAM increased 31.4% . The company held a 51.7% domestic market share in September-2006.
Manufactured with high technology, the Airbus A320 has the capacity to transport up to 174 passengers. With this new A320, TAM strengthens its policy of operating a young aircraft fleet, offering more comfort to the passengers with a high technology product.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: October 17, 2006
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