Angolan airline TAAG to have new board after general elections

14 July 2017

The next board of directors of Angolan airline TAAG will only be named after the general elections, scheduled for 23 August, the Angolan Transport Ministry said in a statement issued in Luanda on Tuesday.

The ministerial statement also lamented the “abrupt” way in which the Emirates group ended the agreement to manage the Angolan carrier, in force since 2015, which had been intended to provide the Angolan company with “professional management at an international level, freeing it from effectiveness and efficiency problems that had persisted for many years.”

The note from the Ministry of Transport said that the Emirates group mixed up two distinct plans, namely its operation in Angola as an aviation company and the management agreement it signed with TAAG.

“We have taken note of Emirates’ unilateral decision and, of course, we have sought immediate solutions for the management of TAAG. In this regard, the Angolan government decided to end the current administration’s mandate,” the ministry said referring to the nomination by presidential decree issued on Thursday of a management commission for the carrier, led by Joaquim Teixeira da Cunha, former chairman of the company’s board of directors.

The Emirates group on Monday announced an “immediate end” to the concession agreement for management of Angolan airline TAAG, due to “the prolonged difficulties it has faced in the repatriation of revenues” from sales in Angola.

The website wrote that most of Angola’s debt to the United Arab Emirates, amounting to US$340 million, is owed to the Emirates group. (macauhub)