President of Angola cancels authorisation to purchase aircraft

15 April 2019

The purchase of new aircraft for Angola’s flagship airline was has been cancelled by President João Lourenço, who demanded a “more detailed study” of the carrier’s recovery plan, the Angolan press reported.

A presidential dispatch of 9 April specifically mentioned the authorisations given in January to sign contracts with Boeing, of the United States and Bombardier, of Canada, to purchase 15 new aircraft by 2022.

“The Minister of Finance, in conjunction with the Minister of Transport, should boost efforts among sellers and financiers to reverse all financial transactions and minimise financial and reputational damage to the Angolan state,” said the presidential dispatch 52/19.

The new order of President João Lourenço revokes Presidential Decree 12/19 of 14 January, which, after approving the plan for the restructuring and modernisation of the TAAG fleet, authorised the Minister of Transport to conclude, from 2020, aircraft purchase and sale contracts with those companies.

The TAAG fleet currently comprises 13 Boeing aircraft, three of which 777-300 ER, with more than 290 seats, which were delivered between 2014 and 2016 and five B777-200, with 235 seats and another five B737-700, with capacity for 120 passengers, these used for domestic and regional connections. (Macauhub)