Airline Finance News - Latin America / Caribbean.
TAM flew 1.68 billion domestic RPKs in August, up 32.5% from the year-ago month. Capacity climbed 25.2% to 2.28 billion ASKs and load factor rose 4.1 points to 73.7%. International traffic was up 33.9% to 604 million RPKs against a 34% rise in ASKs to 773 million, leaving load factor steady at 78.2%. The airline said its domestic market share was 51.3%, up 9.6 points year-over-year, and its international market share climbed 34 points to 54.6%. Sep 19, 2006
TAM on Friday concluded the public distribution of R$500 million ($231.3 million) worth of nonconvertible debentures. The three banks coordinating the operation, the first public offer of debentures of an airline company in Brazil, reported that the 50,000 debentures offered were subscribed and integrated by a total of 140 investors. "The purpose of the issue is to use the resources to finance aircraft components for future fleet expansion," TAM said. "As previously announced, the expectation is to end 2006 with at least 96 aircraft, reaching 127 aircraft at the end of 2010." Sep 18, 2006
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|Date:||Sep 25, 2006|
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