Varig S.A.

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tam and varig s.a. - All News and Analysis

• Brazil: TAM registers 23.4% increase.

  - 2004-09-20

  Brazil, Sep 20, 2004 (Gazeta Mercantil/SABI via COMTEX) The Brazilian air transportation company TAM has registered na increase of 23.4% in the passengers traffic in Recife in the period between January and July 2004 when compared to same period in 2003. In terms of...

  Tags: TAM, Varig S.A.

• Brazil: Foreign airline companies expand in Brazil.

  - 2004-09-14

  Brazil, Sep 13, 2004 (O Estado de Sao Paulo/SABI via COMTEX) If compared to Brazilian airline companies, foreign airlines transported further 1.1mil passengers in 2003 concerning flights from Brazil to international routes. Those companies already account for 57% of this market while the domestic...

  Tags: TAM, Varig S.A.

• TAM considers end of code share deal.

  - 2004-05-26

  Brazil, May 25, 2004 (Valor Economico /SABI via COMTEX) The Secretary for Economic Monitoring - Seae Secretaria de Acompanhamento Economico has claimed on the suspension of the code share contract signed between the Brazilian airline companies Varig and TAM, which is dedicating resources in...

  Tags: TAM, Varig S.A.

• TAM's in the black for 2003.

  - 2004-03-31

  Brazil, Mar 30, 2004 (Valor Economico /SABI via COMTEX) The Brazilian airline company TAM reversed the R$605.7mil losses posted in 2002 and made a net profit of R$173.8mil in 2003. TAM controls TAM Linhas Aereas and TAM Mercosur, which operates in Paraguay. The company's...

  Tags: TAM, Varig S.A.

• TAM prepares capitalization and more international flights.

  - 2004-03-12

  Brazil, Mar 11, 2004 (O Estado de Sao Paulo/SABI via COMTEX) The Brazilian airline company TAM intends to expand abroad, targeting flights to Paris, New York, Santiago and Caracas, through the subsidiary TAM Mercosur. The company also plans to raise between US$100mil and US$200mil....

  Tags: TAM, Varig S.A.

• Can we still be friends? As the Brazilian economy strengthens, a merger of latin America's two biggest airlines seems less likely than ever

  - 2004-03-01

  A year ago, executives of Varig and TAM, Brazil's two largest airlines, were shaking hands amid popping flashbulbs as they announced plans for a merger that would create Latin America's largest carrier. Once complete, it would command 67% of the Brazilian market and account for 36% of passenger miles flown...

  Tags: TAM, Varig S.A.

• TAM has new chairman.

  - 2004-01-23

  Brazil, Jan 20, 2004 (Jornal do Commercio/SABI via COMTEX) The Brazilian airline company TAM has appointed the new chairman, Marco Antonio Bologna, who reaffirmed the intent to maintain TAM as main player. The company ranked 2nd in the domestic market last year with a ...

  Tags: TAM, Varig S.A.

• TAM wants leadership.

  - 2004-01-05

  Brazil, Jan 5, 2004 (Valor Economico/SABI via COMTEX) The Brazilian airlines company TAM expects to register a reasonable operating profit in 2003 after facing R$605mil losses in 2002. The group dismissed 1,800 employees last year, 20% reduction. According to TAM' temporary chairman, Antonio Luiz...

  Tags: TAM, Varig S.A.

• Fator makes new feasibility study of Varig/TAM merger process.

  - 2003-12-17

  Brazil, Dec 17, 2003 (O Estado de Sao Paulo/SABI via COMTEX) The Brazilian bank Banco Fator is to present, until January 2004, a new feasibility study concerning the merger of the airline companies Varig and TAM. Both companies predict to close the year with 67%...

  Tags: TAM, Varig S.A.

• TAM' interest in merger with Varig weakens.

  - 2003-11-03

  Brazil, Oct 31, 2003 (Gazeta Mercantil/SABI via COMTEX) The commercial and marketing vice-chairman of the Brazilian airlines company TAM, Wagner Ferreira, said the merger process with Varig is not so important and necessary as it was ten months ago. The project, outlined by Banco...

  Tags: TAM, Varig S.A.