TAM, United Airlines Sign Codeshare Agreement

SAO PAULO, Brazil, Oct. 11 /PRNewswire-FirstCall/ -- TAM (Bovespa: TAMM4) (NYSE: TAM) and United Airlines (NASDAQ: UAUA) , a founding member of Star Alliance, filed a code-share application earlier this week with the U.S. Department of Transportation and Brazil's ANAC. Following government approval, the agreement would also enable customers from both airlines to earn and redeem frequent flyer miles on the partner carrier.

The partnership will allow both companies to offer more flight options to passengers wanting to travel between Brazil and the United States. United Mileage Plus members will be able to earn and redeem miles on all TAM and TAM Mercosur operated flights, and TAM's Fidelidade members will earn and redeem miles on United, Ted and United Express operated flights. The frequent flyer benefits are expected to begin later this year.

This announcement follows the Memorandum of Understanding signed by the carriers in Sao Paulo on May 21, 2007.

When the code-share flights start, it will be possible for TAM passengers to acquire tickets for flights operated by United Airlines between Brazil and the United States, departing Rio de Janeiro and Sao Paulo for the cities of Chicago and Washington, D.C. Those flights will be commercialized by TAM with the JJ code. From Chicago and Washington, it will be possible for the passenger to connect to 35 points in the USA, including cities such as Atlanta, Boston, Dallas, Denver, Las Vegas, Los Angeles, San Francisco, Seattle, among others.

United Airlines will also start to market flights with its UA code operated by TAM from Miami and New York to the cities of Sao Paulo and Manaus, allowing passengers to connect to several points in Brazil.

Investor Relations: Phone: (55) (11) 5582-9715 Fax: (55) (11) 5582-8149 invest@tam.com.br www.tam.com.br/ir Press Agency Contact: Phone: (55) (11) 5582-8167 Fax: (55) (11) 5582-8155 tamimprensa@tam.com.br

About TAM:

TAM (www.tam.com.br) has been domestic market leader since July 2003, closing the month of September 2007 with a 48.1% market share. The company flies to 47 destinations in Brazil. With commercial agreements signed with regional companies, it reaches 81 different destinations in Brazil itself. In September, TAM held a 69.8% market share among Brazilian airlines operating international flights. International operations include direct flights to eight destinations: New York and Miami (USA), Paris (France), London (England), Milan (Italy), Buenos Aires (Argentina), Santiago (Chile) and Caracas (Venezuela). On November 5, TAM will begin daily flight service to Montevideo (Uruguay). On November 30, it will begin flying daily to Frankfurt (Germany), and by December, to Madrid (Spain). Among the South American countries that TAM Mercosur serves are Asuncion and Ciudad del Este (Paraguay), Cordoba (Argentina), Santa Cruz de la Sierra and Cochabamba (Bolivia). The company maintains codeshare agreements with international companies allowing passengers to travel to a wide variety of destinations all over the world. A pioneer in Brazil's airline industry with the launch of its frequent flyer program Programa Fidelidade, TAM today has more than 4.3 million members and has issued 4.7 million tickets earned with frequent flyer points.

About United Airlines:

United Airlines is second among the world's largest airlines. With United Express and Ted, United Airlines operates more than 3,700 flights a day, serving more than 210 destinations from its hubs in Chicago, Washington, Los Angeles, San Francisco and Denver. Present in the Asia-Pacific region, Europe and Latin America, United is the largest international carrier based in the United States. United is a founding member of Star Alliance, which provides customers connections to 842 destinations in 142 countries worldwide. United's 56,000 employees reside in every U.S. state as well as other countries. From Brazil, it flies daily from Rio de Janeiro and Sao Paulo to O'Hare Airport in Chicago and Dulles Airport in Washington. News releases and other information about United can be found at the company's Web site www.united.com.br (in Portuguese) and www.united.com (in English).