Fri, Jun 29, 2007
Signs MoU For 22 Planes, 10 Options
TAM signed a Memorandum of Understanding Friday to acquire 22
Airbus A350 XWB (Xtra Wide Body), models 800 and 900, with 10 more
options, to be delivered between 2013 and 2018. The company will be
the first in Latin America to have these new aircraft in its long
In addition to the A350s, TAM also confirmed it was exercising
four more A330 options, which will be delivered by the manufacturer
in 2010 and 2011. At list prices, the total value of the order,
less options, is around US$ 5.4 billion.
The A350-800 and 900 aircraft are slated to begin commercial
flights in 2013.
TAM's CEO, Marco Antonio Bologna, stated that the new contract
with Airbus confirms the company's strategic planning, for growth
in the international long-distance market. "We reiterate our
commitment to maintain a new and modern fleet, in order to offer a
quality product to our passengers," he said.
"To have a customer like TAM
confirm its choice for the A350 XWB is a matter of pride for us,"
said Rafael Alonso, Senior Vice President, Latin America, Caribbean
and Spain for Airbus. "We are thankful for this strong endorsement
of the A350 XWB program and we are pleased to accompany TAM's
successful expansion with the A330s on its long-haul network. We
are delighted with this long-standing partnership with TAM and look
forward to continuing this relationship in the future."
With the delivery of the four A330s by 2011, TAM will increase
its fleet plan, ending 2010 with 138 aircraft in operation and
finishing 2011 with 143.
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