Angola’s TAAG and EuroAtlantic of Portugal chosen to operate Sao Tome’s privatized flag flyer

3 July 2007

Sao Tome, Sao Tome and Principe, 3 July – Angolan national carrier TAAG and EuroAtlantic of Portugal have won an international tender to take over Sao Tome and Principe’s newly privatized national airline, STP Airways.

The two companies were selected from 11 other bidders to operate STP Airways, which has flight slots to Lisbon and other destinations in Europe and West Africa.

Sao Tome will net around US$ 2 million from the privatization of its national carrier through the sale of 65 percent of its shares. STP Airways replaced Air Sao Tome last year, which had operated in partnership with TAP of Portugal. The Sao Tome airline went into liquidation after its only aircraft crashed into the sea.

STP Airways signed an accord recently with TAAG allowing the Angolan airline to operate the Sao Tome–Lisbon route with flights originating in Luanda. STP Airways also links Sao Tome with Principe using a leased aircraft. (macauhub)