Airline tickets for routes starting outside Angola to Luanda can no longer be paid for in kwanzas from 15 July, said the spokesman for Angolan flagship airline TAAG.
Carlos Vicente told Portuguese news agency Lusa that, like the other companies that fly to Luanda that stopped accepting kwanzas months ago, TAAG is also no longer accepting them “because of the difficulty in repatriating currency.”
The issue involves operating expenses such as fuel, which the company has to pay for abroad, in foreign currency, access to which in Angola is currently limited due to the financial, economic and currency crisis affecting the country.
The company’s spokesman stressed that in recent months there had been an increase in purchases of tickets in kwanzas, for journeys starting outside Angola with Luanda as their destination, and therefore, “as of today, all journeys that begin outside Angola must be paid for in local currency, or in euros or dollars.”
TAP – Air Portugal applied the same measure in January 2015, citing the crisis in access to foreign currency that was already felt, Spain’s Iberia stopped flying to Luanda at the end of May and Mozambique’s LAM at the beginning of July.
Angola is the fifth country in the world where airlines face most difficulties in repatriating revenues, which the International Air Transport Association (IATA) says amount to US$237 million that have been retained for seven months due to a lack of foreign exchange. (macauhub/AO/PT)