Brazilian airline TAM announced the acquisition of four additional new Boeing 777-300ERs. With this purchase the company increases its total B777-300ER fleet to eight and opening more opportunities for the airline in the long-haul international market, in special Europe and the United States.
The B777-300ER is the world's largest long-range twin-engine jetliner and is capable of carrying approximately 370 passengers in TAM's three class configuration, flying up to 7,930 nautical miles (14,685 kilometers).
TAM became the first Latin American airline to incorporate this airplane type as part of its long-range fleet plan after announcing an initial order for four aircraft last year.
Marco Antonio Bologna, TAM's CEO, stated that this new acquisition is an important step for TAM's growth in the international market.
The company ended May with 72.4% market share among Brazilian companies operating in the international market, according to official ANAC (Brazil's National Civil Aviation Agency) statistics.
TAM's international segment strategy is to grow by increasing flights to countries where it already operates in Latin America, the United States and Europe as well as launching other potential destinations to attract leisure and business passengers.
Currently the largest Latin American Airbus operator of A319s, A320s and A330s, this is the second TAM acquisition of Boeing airplanes which brings its 777-300ER fleet to eight in total.