Tag: Tam

• Wednesday, February 3rd 2016 - 06:15 UTC

  Brazil airline shares soar as regulator admits opening to foreign capital

  

  Brazilian airline shares soared nearly 30% on Monday after a newspaper report said the government may scrap limits on foreign ownership of domestic airlines to attract investment to the struggling sector. President Dilma Rousseff may propose legislation giving her discretion to let foreign groups own as much as 100% of local airlines, up from 20%, Valor Econômico reported.

• Tuesday, November 5th 2013 - 13:50 UTC

  Brazil consumer watchdog orders airlines to reduce 'abusive' domestic fare for 2014 World Cup

  

  Brazil's consumer watchdog Procon Rio do Janeiro branch has ordered five airlines to reduce “abusive” domestic fares during next year's FIFA World Cup. Avianca, TAM, Gol, Azul and Oceanair have been accused of inflating prices up to 10-fold during the June 12-July 13 tournament.

• Monday, September 2nd 2013 - 02:29 UTC

  TAM and South African Airways sign codeshare agreement

  

  South African Airways (SAA) and Brazilian carrier TAM Airlines have signed a codeshare agreement to increase access to destinations in both countries for both leisure and business travellers.

• Sunday, June 24th 2012 - 15:02 UTC

  Lan and Tam complete merger to become world’s second largest airline by market value

  

  Chile's LAN Airlines completed a takeover of Brazilian rival TAM on Friday, creating the world's second-largest airline by market value in a deal that executives expect to yield up to 700 million dollars in costs savings within four years.

• Wednesday, October 5th 2011 - 08:08 UTC

  Latam’s largest airline merger project appeals several anti-trust conditions

  

  Chile's LAN Airlines and Brazilian carrier TAM have appealed to Chile's top court some of the conditions imposed on their planned merger as the companies push ahead to create one of the world's biggest airlines.

• Wednesday, August 31st 2011 - 08:14 UTC

  Some indicators showing the Brazilian economy is slowing down

  

  Brazil's economy showed new signs of a slowdown on Tuesday as steelmakers slashed their growth forecasts, the country's No. 1 airline scaled down its expansion plans and a new poll showed growing pessimism in the manufacturing sector.

• Tuesday, March 1st 2011 - 16:41 UTC

  TAM ordered 34 aircraft in anticipation of strong growth demand in Brazil

  

  TAM, Brazil's largest airline has ordered 34 aircraft to renew its fleet as it expands operations in its home market and overseas. The operation involves 3.2 billion US dollars and includes 32 A320 Airbus (156/174 seats) and two Boeing 777-300ERS (365 seats).