Wednesday, July 18, 2007

Tam, Gol Shares Tumble After Airplane Crash in Brazil Kills as Many as 200

(Bloomberg) -- The shares of Tam SA and Gol Linhas
Aereas Inteligentes SA, Brazil's biggest two airlines, fell after a
crash in Sao Paulo's city airport claimed the lives of as many as
200 people in the country's worst air disaster.

The A320 plane, built by Airbus SAS and operated by Tam, slid
off the runway, crossed a highway and slammed into a gas station
and building last night. Rescue workers pulled 102 bodies from the
debris. Survivors probably won't be found on the plane, which was
carrying 186 people when it crashed and burst into flames, Sao
Paulo State Governor Jose Serra said.


Read more at Bloomberg Emerging Markets News

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