Ṣo Paulo, November 24, 2010 РWe have signed a codeshare agreement that increases the options of destinations for the passengers flying from or to South and North America. As of December 1st, our clients will have new options of internal flights in the United States departing from the bases in Miami, New York and Orlando. Initially, the (two-way) flights between Miami and Philadelphia; New York and Phoenix; Orlando and Phoenix; Orlando and Philadelphia, and Orlando and Washington will be offered. These destinations are already available for reservation and purchase.

Since the codeshare agreement between both companies is bilateral, each company may sell seats in flights operated by the partner, as if it was its own flight. “Our partnership with US Airways will increase our network’s connectivity. This agreement will offer the clients facility in the moment of planning their trip and comfort throughout the flight,” states Commercial and Planning Vice President, Paulo Castello Branco.

“We are excited about signing this agreement with TAM and offering new options to our passengers,” said Andrew Nocella, senior Marketing and Planning vice-president of US Airways. “A codeshare agreement is convenient for the passenger, who can now make reservations to the flights directly with US Airways and TAM, and travel to destinations where both airlines do not serve with their own aircrafts.”

For US Airways passengers, this agreement will offer a more convenient option to make reservations, issue tickets and dispatch baggage directly from the company base in Rio de Janeiro to destinations such as Sao Paulo, Salvador, Recife and Brasilia.

Since both companies are members of Star Alliance, the members of US Airways´ Dividend Miles and TAM Fidelidade may also enjoy the benefits of these frequent flyer programs, which include earning points and redeeming tickets in flights operated by the companies, as well as have access to the airlines’ VIP rooms.

Contact
Investor Relations
Tel.: (55) (11) 5582-9715
Fax: (55) (11) 5582-8149
invest@tam.com.br
www.tam.com.br/ir
Press Office
Phone: (55) (11) 5582-9748/7441/7442/8795
Mobile: (55) (11) 8644-0128
tamimprensa@tam.com.br
www.taminforma.com.br

About TAM
We are a member of the Star Alliance, leaders in the Brazilian domestic market since 2003 and held a 42.8% domestic market share and 87.1% international market share in October 2010. We operate regular flights to 45 destinations throughout Brazil and we serve 89 different cities in the domestic market through regional alliances. Operations abroad include our flights to 17 destinations in the United States, Europe and South America: New York , Miami and Orlando (USA), Paris (France), London (England), Milan (Italy), Frankfurt (Germany), Madrid (Spain), Buenos Aires (Argentina), La Paz, Cochabamba and Santa Cruz de la Sierra (Bolivia), Santiago (Chile), Asuncion and Ciudad del Este (Paraguay), Montevideo (Uruguay), Caracas (Venezuela) and Lima (Peru). We have code-share agreements that make possible the sharing of seats on flights with international airlines, enabling passengers to travel to 79 other destinations in the U.S., Europe and South America. The Star Alliance network, in turn, offers flights to 1,160 airports in 181 countries. We were the first Brazilian airline company to launch a loyalty program. Currently, the program has over 7.6 million subscribers and has awarded more than 10.8 million tickets.

Forward-looking statements
This notice may contain forward-looking statements. These estimates merely reflect the expectations of the Company’s management, and involve risks and uncertainties. The Company is not responsible for investment operations or decisions taken based on information contained in this release. These estimates are subject to changes without prior notice.