Founded | 1961 |
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Destinations | Air taxi |
Headquarters | São Paulo, Brazil |
TAM Aviação Executiva (formerly TAM – Táxi Aéreo Marília) is a Brazilian airline specialized in air charter, aircraft sales and aircraft maintenance. It was founded in 1961 by Rolim Amaro and it is still entirely owned by the Amaro family and thus not a subsidiary of TAM Airlines, though part of the TAM Group. In 1976 TAM Executiva provided support for the start-up of TAM Airlines.
TAM – Táxi Aéreo Marília and TAM - Transportes Aéreos Regionais were two different judicial entities, though belonging to the same TAM Group. TAM - Marília provided the experience needed for the start-up of TAM - Regionais.
TAM can trace its origins to TAM - Táxi Aéreo Marília an air-taxi company founded on January 7, 1961, by five pilots. The company was named 'after the pilots' hometown of Marília, in the state of São Paulo. It began operations with 4 Cessna 180 and a single Cessna 170, ferrying cargo and passengers across Paraná, São Paulo and Mato Grosso states.
In 1964 Orlando Ometto, owner of agricultural ventures in the region, purchased a 50% stake in the company, with the intent of using its aircraft and pilots to support his agricultural projects central Brazil. With the capital, TAM purchased aircraft. Later, the original owners left the company and Ometto purchased their share of the company, eventually reaching full-ownership.
In 1966, the company bought twin-engined aircraft models, including the Piper Aztec, Piper Navajo and the Rockwell Grand Commander and relocated its offices from Marília to the state's capital, São Paulo.
In 1971 the company was losing money and in order to re-organize the air-taxi company, Ometto called Rolim Amaro, a former pilot of TAM, who had left the company to form his own air-taxi company. Amaro proposed to liquidate his company and purchase a portion of TAM. While this did not constitute 50% of TAM's capital, he proposed to Ometto that if he was able to make TAM profitable within one year, he would be given the remaining portion of the 50%. In case he failed, he would receive nothing. In April, 1972, the contract between Amaro and Ometto was signed, giving Amaro operational control over the company.