TAM Okayed to Fly to Venezuela’s Caracas

TAM received official authorization from the International Relations Department of ANAC (Brazil’s National Civil Aviation Agency) to start the regular operation of a daily frequency to Caracas, in Venezuela. This flight will depart from the Sao Paolo International Airport.

TAM will operate the flight to Caracas within six months. All measures required to start this frequency are already being taken. The start date and timetable for this flight will be opportunely announced.

The Company already operates two frequencies per day to Santiago, in Chile, and performs 56 flights per week to Buenos Aires, in Argentina. Through TAM Mercosur, it also serves Asuncion and Ciudad del Este (Paraguay), Cordoba (Argentina), Montevideo (Uruguay), Santa Cruz de la Sierra and Cochabamba (Bolivia) and a daily frequency to Lima, in Peru, operated in code-share with Taca.

TAM’s strategy to the international segment is to selectively grow in profitable markets. The Company ended last March with a 62.9 percent market share among Brazilian companies operating in the international market, according to official statistics of ANAC.