Angola: Portugal’s TAP and Angola’s Taag closer to reaching strategic partnership deal

17 December 2008

Lisbon, Portugal, 17 Dec – Portuguese airline TAP and Angola’s Taag, are working together to deal with affairs that are vital for the future of both companies, at a time when a strategic partnership between the two is on the cards, according to the Portuguese press.

Fernando Pinto, TAP’s chief executive, said in a recent interview with weekly newspaper Sol that both airlines were preparing to increase flights between Lisbon and Luanda.

“We have been talking to increase flights to Angola, it is a market that needs more supply. We are preparing a proposal with Taag and the process is moving ahead,” Pinto said.

“Since the European Union’s ban on the Angolan airline flying to Europe, for safety reasons, we have tried to help Taag and now we are very close to signing a cooperation deal for the company to obtain the necessary certification to fly to Europe,” said Pinto.

The Portuguese press has reported that the Portuguese government has shown some interest in a partnership with Taag, which could also involve Brazilian airline TAM.

The Africa Monitor newsletter reported that Luanda has “clear preference” for TAP, which is considered to be well managed and prestigious, is of medium size and has an important maintenance capacity, as well as a growth strategy focused on the South Atlantic triangle.

Taag’s new Boeing 737 and 777 aircraft are currently maintained by Brazil’s VEM, which is owned by TAP.

According to Africa Monitor, Geocapital , which is a partner of Angolan state oil company Sonangol, is pushing for the TAP solution for Taag.(macauhub)