PROJECT

Projects

Environmental Review Summary

Project Number

24384

Company Name

TAM LINHAS AEREAS S/A

Date ERS Disclosed

Sep 28, 2005

Country

Brazil

Region

Latin America and the Caribbean

Environmental Category

B - Limited

Status

Completed

Previous Events

Approved : Dec 15, 2005
Signed : Dec 16, 2005
Invested : Mar 16, 2006

Sector

Air Transportation

Industry

other

Department

Regional Industry INF LAC & EUR

Project Description

The project is a $50 million loan to TAM Linhas Aereas or the company comprising:

- a US$25 million revolving facility for pre-delivery purchase (PDP) financing of Airbus 320 family aircraft it intends to obtain between 2005 and 2010, and
- a US$25 million corporate loan for ongoing operational requirements.

TAM provides scheduled air transportation in both the Brazilian domestic market and the international market through its operating subsidiaries TAM Linhas Aéreas and TAM Mercosur.

Environmental and Social

Conclusion & Monitoring