TAM announces changes in Board of Directors

In a Board of Directors meeting held at TAM’s headquarters in Sao Paulo, resignation letters were received from board members Pedro Pullen Parente and Adalberto de Moraes Schettert. In light of these resignations, Andre Esteves, BTG president, and Marco Antonio Bologna, president of TAM Executive Aviation, are TAM Empreendimentos e Participacoes S/A’s nominations to fill the vacancies on the Board. The nominations will be presented at the Company’s Extraordinary General Assembly August 18, 2009.

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Jesse V. Crews joins Willis Lease Finance senior management team

Willis Lease Finance Corporation reported that Jesse V. Crews will join the company as Chief Operating Officer on July 29, 2009. Crews spent 26 years with GATX Corporation, where he served as President and CEO of GATX Capital Corporation, a diversified equipment leasing company with approximately $3.5 billion in assets and $5 billion in managed third party assets. Over the past five years, he served as a managing director for Fortress Investment Group, an equity investment firm with approximately $30 billion of funds under management.

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