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- Brazil: TAM registers 23.4% increase.
- 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...
- Research articles 2004-09-20
- Brazil: Foreign airline companies expand in Brazil.
- 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...
- Research articles 2004-09-14
- TAM considers end of code share deal.
- 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...
- Research articles 2004-05-26
- TAM's in the black for 2003.
- 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...
- Research articles 2004-03-31
- TAM prepares capitalization and more international flights.
- 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....
- Research articles 2004-03-12
- Can we still be friends? As the Brazilian economy strengthens, a merger of latin America's two biggest airlines seems less likely than ever
- 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...
- Research articles 2004-03-01
- TAM has new chairman.
- 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 ...
- Research articles 2004-01-23
- TAM wants leadership.
- 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...
- Research articles 2004-01-05
- Fator makes new feasibility study of Varig/TAM merger process.
- 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%...
- Research articles 2003-12-17
- TAM' interest in merger with Varig weakens.
- 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...
- Research articles 2003-11-03
- Varig and TAM ink association deal.
- Brazil, Sep 17, 2003 (Gazeta Mercantil/SABI via COMTEX) After seven months of negotiations, Varig and TAM have a meeting aimed at inking an association deal before the official merger'. Both airlines companies should have executed such contract last June. However, disagreements postponed the project....
- Research articles 2003-09-17
- New company absorbs TAM' stakes and Varig' assets.
- Brazil, Sep 18, 2003 (Gazeta Mercantil/SABI via COMTEX) The new airline company to be created through the merger of Varig and TAM, to own 65% share at the Brazilian aviation market, will absorb assets and liabilities from Varig, Rio Sul and Nordeste. TAM will be...
- Research articles 2003-09-19
- Varig and TAM' deal predicts many escape clauses.
- Brazil, Sep 3, 2003 (Gazeta Mercantil/SABI via COMTEX) The Brazilian airline companies Varig and TAM have completed their merger deal and sent it to Banco Fator, manager of the operation. Market sources affirmed the deal is comprised of more than 40 pages of escape ...
- Research articles 2003-09-03
- Gol aims second year of profits.
- Brazil, Jul 23, 2003 (Gazeta Mercantil/SABI via COMTEX) The Brazilian airlines company Gol Linhas Aereas Inteligentes expects R$1.3bil turnover, 85,7% increase over 2002, despite the downturn in domestic market and the complicated merger process between Varig and TAM. The group has bet on Low...
- Research articles 2003-07-23
- Merger between Varig and TAM dismiss 5,000 people.
- Brazil, Jun 25, 2003 (Gazeta Mercantil/SABI via COMTEX) The new airline company, resulted from the merger between the Brazilian airline companies Varig and TAM, will maintain 150 aircrafts at maximum, according to the business plan that is being outlined by the consulting company Bain...
- Research articles 2003-06-26
- Varig and TAM led air transportation market.
- Brazil, Jun 9, 2003 (Folha de Sao Paulo/SABI via COMTEX) The Brazilian airlines Varig and TAM, currently in a merger process, transported 1.2mil passengers in the Brazilian market in May. Both companies registered 66,89% market share (34,79% from Varig and 32,10% from TAM). The...
- Research articles 2003-06-09
- Varig and TAM reduce operational efficiency rates.
- Brazil, Jun 4, 2003 ( O Globo/SABI via COMTEX) The code share agreement between Varig and TAM, entered in March, did not bring good results to the companies' operational efficiency rate. According to DAC Departameto de Aviacao Civil, Varig' efficiency rate dropped from 71%...
- Research articles 2003-06-05
- TAM and Varig merger create controversies between BNDES and Cade.
- Brazil, Jun 3, 2003 (Gazeta Mercantil/SABI via COMTEX) The merger between the Brazilian airline companies Varig and TAM is creating controversies between state-owned institutions. The Brazilian development bank BNDES Banco Nacional de Desenvolvimento Economico e Social demanded a formal commitment from the companies to...
- Research articles 2003-06-04
- Varig and TAM merger process advances.
- Brazil, Jun 2, 2003 (Gazeta Mercantil/SABI via COMTEX) The merger process between the Brazilian airline company Varig and TAM is moving forward and some meetings are scheduled for this week. In TAM, the vice-president is in charge of the negotiations, while concerning Varig, FRB...
- Research articles 2003-06-02
- TAM wants to negotiate with Varig' creditors.
- Brazil, May 30, 2003 (Gazeta Mercantil/SABI via COMTEX) The Brazilian airline company TAM wants to actively participate of Varig' debts renegotiation. The company intends to, as soon as the merger contract be signed, negotiate with Varig' creditors its stake in the new company and...
- Research articles 2003-05-30
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