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Article: TAM Receives Loan to Finance Pre-Delivery Payments for 30 Aircraft.

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PR Newswire
Article date:
December 28, 2007
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Agreement covers planes scheduled for delivery by Airbus during the period 2008 to 2010

SAO PAULO, Brazil, Dec. 28 /PRNewswire-FirstCall/ -- TAM (Bovespa: TAMM4 and NYSE: TAM) signed a loan agreement with the BNP Paribas bank to finance up to US$ 117.1 million in pre-delivery payment (PDP) operations for 30 Airbus aircraft contracted with the French company, with confirmed purchase orders and deliveries scheduled for the period 2008 to 2010.

(Logo: http://www.newscom.com/cgi-bin/prnh/20060418/SPTU001LOGO )

TAM's fleet plan forecasts that it will close 2008 with 123 aircraft in operation -- four Boeing B777-300ER aircraft and 119 Airbus ...

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