Angolan state airline may become shareholder of STP Airways

16 February 2007

Luanda, Angola, 16 Feb – Angola’s national airline, TAAG, may become one of the main shareholders in its Sao Tome and Principe counterpart, STP Airways, Angolan newspaper, Jornal de Angola reported.

According to the paper, which says that the archipelago’s media is in favor of the “marriage” of the two airlines, this would be a logical step after TAAG launched a flight with STP-Airways to Lisbon from Luanda via Sao Tome.

STP Airways, which was initially set up with state capital, plans to develop into a mixed capital company as stakes in the company are bought up by third parties.

Although TAAG has not confirmed the news, Jornal de Angola said that Angola’s airline becoming a shareholder in STP –Airways would depend on the profitability of the Luanda/Sao Tome/Lisbon route.

The Sao Tome/Lisbon route is now flown twice weekly by the company, added to a weekly flight run by TAP-Air Portugal.

The first flight of the new Sao Tome airline (the successor to the bankrupt Air Sao Tome) had as a “special passenger” President Fradique de Menezes, who was traveling to France to take part in the Africa-France summit.

STP Airways will carry out flights on Mondays and Fridays, while the link between Sao Tome and Lisbon on a Saturday will continue to be run by TAP. (macauhub)