Company Watch - TAM Airlines.
Reflecting the increase in premium business traffic between the UK and Brazil, TAM Airlines has introduced a new First Class cabin on its daily services between London Heathrow and S - o Paulo Guarulhos. Introduced on February 5, the new cabin compliments the airlineOs existing business and economy class services. TAMOs exclusive new First Class cabin on the daily Boeing 777-300ER offers just four flat sleeper seat units that have been designed for the passengerOs maximum privacy and comfort. Passengers in First Class can choose their own amenity items from a selection carried on board. The amenities consist of natural products from the Greek range of Korres, as well as pajamas, slippers, and eyeshades. Passengers who wish to work have a special reading light and power points for laptops, as well as a selection of Brazilian and international magazines and newspapers to read. First Class passengers living or working within 65 miles of London Heathrow can book a complimentary, luxury chauffer drive transfer to and from the airport, and at any destination airport outside of Brazil. At a cost, First Class passengers can also book a fast helicopter transfer to-and-from S - o PauloOs Guarulhos Airport and the down town airport of Congonhas. Prices start at around GBP280. Feb 4, 2010
Brazil's largest airline, TAM Linhas Aereas is in talks to buy a stake in Chile's flagship airline owned by President-elect Sebastian Pinera, Brazilian magazine Exame reported on its Web site. TAM is interested in the 19 percent LAN stake held by Pinera's holding company Axxion AXX.N, Exame said. TAM may use proceeds from the initial public offering of its Multiplus SA frequent flyer program to finance part of the acquisition, the magazine said without giving a source for the information. TAM's Multiplus MPLU3.SA is set to go public next week in an offering that could raise as much as 1.28 billion reais (USD688.2 million). Feb 1, 2010
TAM Linhas Aereas' subsidiary Multiplus Fidelidade hopes to raise as much as 1.28 billion reais ($721 million) in an initial public offering. Multiplus, which manages the mileage programme for Brazil's largest airline, expects its shares to begin trading next month on the S - o Paulo stock exchange. Jan 26, 2010
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