Angola has handed over the management of its national airline TAAG to the United Arab Emirates (UAE) airline Emirates, for the next ten years. The deal, which was announced at the end of September will see Emirates providing four senior managers to develop a new business plan to expand the airline and help it overcome its debt problems.
TAAG has received significant investment since it was banned from flying to the EU in 2007 over safety fears. Planes and management have been replaced since then and flights have been resumed to Portugal, but it is believed that there is room for expansion.
This is the first major collaboration between the UAE and Angola. The gulf state is keen to build its business interests in Africa this could mark the beginning of a longer term relationship between the two countries.
Source: Angola Monitor Issue 4/14
The Angola Monitor covers the politics, economics, development, democracy and human rights of Angola. It is published quarterly by Action for Southern Africa (ACTSA).
This issue covers:
Political News: State of the Nation; Census figures announced; Local government elections delayed; Falling oil prices reduce public spending; Angola elected to UN Security Council; Luanda gets new governor.
Economic News: Angola set to become largest oil producer in sub Saharan Africa; US regulator may bring charges over alleged oil corruption; Government reduces fuel subsidies; Major telecommunication upgrade announced; National airline TAAG enters partnership with Emirates; Government bond rating upgraded.
Human Rights News: Amnesty International accuse government of demonstration ban; Final refugees returning to Angola; NGOs call on SADC to address human rights violations; Government claims it respects free speech and the right to protest.
Aid and Development News: Redevelopment of Angola’s largest railway complete; European Union invests 20 million Euros in landmine clearing; Drought response receives support from Japan.
This issue is also available in Portuguese.
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