Angola negotiates purchase of more Boeing aircraft for TAAG fleet

27 September 2018

The Angolan government is negotiating with US company Boeing to purchase new aircraft, the Angolan president announced in a speech at the Angola-US Business Forum in New York.

João Lourenço, quoted by Angolan news agency Angop, said the planes would be used for medium and long-haul flights, but did not reveal the number of aircraft or the cost.

The TAAG fleet consists of 13 Boeing aircraft, three of which are 777-300 ERs, with more than 290 seats and were received between 2014 and 2016.

The Angolan airline also has five 777-200s, with 235 seats, and another five 737-700 aircraft for 120 passengers, which are used for domestic and regional connections.

Speaking to US businesspeople, the Angolan President recalled that the Council of Ministers approved a new type of visa less than a week ago, an investor visa, “an innovation because it is a facility granted to all those who, by investing in Angola, will be treated differently in terms of entry and stay in the country to follow up on their projects.”

“Anyone who is investing in Angola from now on, as long as they declare their intention to invest with the Private Investment and Export Promotion Agency of Angola (Aipex), will benefit from this facility,” he said.

Lourenço said that the new legislation on foreign investment and on competition and control of monopolies, namely the Private Investment Law and the Competition Law, as well as the new exchange rate policy, drastically reduce barriers to investment and guarantee greater legal protection to foreign investors, allowing them to transfer their dividends and profits abroad and repatriate their capital. (macauhub)