Angola’s flagship airline to be privatised gradually

8 October 2018

The privatisation of Angolan flagship airline TAAG will be carried out gradually, with the first step being to create adequate and attractive conditions for private investment, the carrier’s chief executive said on Friday in Luanda.

Rui Carreira also said that the restructuring of TAAG aims to make the company more competitive, and one that provides excellent services.

The chief executive was speaking after the inauguration ceremony of the members of the new board of TAAG, which was chaired by Transport Minister Ricardo de Abreu, according to Angolan state news agency Angop.

The transformation of TAAG, from public company to public limited company, follows a decree signed last September by the President of the Republic, João Lourenço, when he dismissed the airline’s former management.

In 2019 TAAG plans to acquire 11 medium-haul aircraft under the company’s modernisation programme and state-of-the-art B787 aircraft for long-haul routes. (macauhub)