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      <h3>TAM Receives Loan to Finance Pre-Delivery Payments for 30 Aircraft</h3>
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      <i>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;By: TAM<br>
      Posted: 2008-01-01 02:59:19</i>
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      TAM (Bovespa: TAMM4 and NYSE: TAM) signed a loan agreement with the BNP Paribas bank to finance up to US$ 117.1 million in pre-delivery payment (PDP) operations for 30 Airbus aircraft contracted with the French company, with confirmed purchase orders and deliveries scheduled for the period 2008 to 2010.  <br><br>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.  <br><br>TAM (http://www.tam.com.br) has been domestic market leader since July 2003, closing the month of November 2007 with a 49.9% market share. The company flies to 47 destinations in Brazil. With commercial agreements signed with regional companies, it reaches 81 different destinations in Brazil itself. In November, TAM held a 73.2% market share among Brazilian airlines operating international flights. International operations include direct flights to eleven destinations: New York and Miami (USA), Paris (France), London (England), Milan (Italy), Frankfurt (Germany), Madrid (Spain), Buenos Aires (Argentina), Santiago (Chile), Caracas (Venezuela) and Montevideo (Uruguay). With TAM Mercosur, it also serves Asuncion and Ciudad del Este (Paraguay), Cordoba (Argentina), and Santa Cruz de la Sierra and Cochabamba (Bolivia), among other South American cities. In addition, it has codeshare agreements with international airlines that allow passengers to travel to a wide assortment of destinations all over the world. TAM was the first Brazilian airline company to launch a loyalty program. Currently, the program has over 4.3 million subscribers and has awarded more than 5.0 million tickets.
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