1. TAM Airlines A New STAR ALLIANCE Member

3. Why Star Alliance?

4. TAM’s contribution

5. A Win/Win situation?

7. MARKET LEADER DOMESTICALLY & INTERNATIONALLY Source: TAM

8. Measured in RPKs Source: TAM

9. TAM - a strategic choice

11. strong financial performance in spite of the crisis

12. market growth by 50% (up to 120m ppa) by 2014 (World Cup)

13. mostly higher yielding business paxSource: TAM estimates

14. Why Star Alliance?

15. THE MOST COMPREHENSIVE OF THEM ALL Source: TAM

16. A win/win deal?

18. greater network coverage at minimal cost

19. enhanced brand recognition worldwide

20. access to a wider database of corporate accounts

21. for STAR ALLIANCE

22. disappearance of the last gap in network

24. alliance bargaining power

25. individual member’s strengths

26. joint ground handling

27. terminal collocation

28. common IT platform

30. integrated loyalty programmes

31. more than 800 VIP lounges worldwide

32. constant quality & service levels

34. Barriers for accession

36. involves significant cash input

37. several minimum requirements need to be accomplished:

38. operational

39. commercial

41. Thank you for your attention