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TAM raises $246 million

10 August 2011

The airline has raised cash with an advance sale of tickets.

Read more: TAM Multiplus frequent flyer program (FFP)

Brazilian carrier TAM has raised $400 million Brazilian Reals ($246 million) with an advance sale of tickets to the manager of its frequent flyer program (FFP), Multiplus. The airline...


Quote

"I'm doing some overbooking. We know that there will always be some cancellations."

John Leahy, chief operating officer, customers, Airbus


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