Emirates (Dubai) has issued this statement:
Emirates and the Republic of Angola, in its capacity as the majority shareholder of TAAG Linhas Aéreas De Angola (TAAG Angola Airlines) (Luanda), announced the signing of a Management Concession Agreement* which will see Emirates take a role in the management of TAAG. The agreement lays the foundation for both airlines to jointly leverage commercial opportunities in Africa and beyond.
The ten year Management Concession Agreement* was signed by His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates Airline and Group and H.E. Augusto da Silva Tomás, the Minister of Transport for Government of Angola.
This initiative is to further the Republic of Angola’s vision to create a world class Angolan carrier with the support of Emirates. As part of the agreement*, Emirates will work closely with the Angolan government and TAAG Linhas Aéreas De Angola to formulate and implement a business plan, provide management support and devise fleet and route network strategies, whilst bringing synergy through the complementary networks. Emirates will not contribute equity under this agreement* but appoint four senior managers to work for TAAG Linhas Aéreas De Angola.
Both airlines will also cooperate across a wide range of areas including bilateral code-sharing on cargo and passenger services, participation of customers in both airlines’ frequent flyer programmes and passenger and cargo handling. Emirates has also committed to allocate its resources to staff and crew training on best-in-class business and operational processes and systems.
TAAG Linhas Aéreas De Angola will additionally explore business opportunities with DNATA, in particular its passenger and cargo handling, flight catering and travel services. dnata, part of the Emirates Group, is the largest provider of air travel services in the Middle East and employs about 23,000 staff in 38 countries.
Angola is Africa’s second largest oil producer with a strong mining sector, and is one of the fastest growing economies in the world, making it an attractive business destination.
Emirates’ first point in Africa was Cairo, launched in 1986, and the airline has since grown a strong presence on the African continent, serving 22 passenger destinations today: Abidjan, Accra, Addis Ababa, Cairo, Cape Town, Casablanca, Dakar, Dar el Salaam, Durban, Entebbe, Johannesburg, Khartoum, Lagos, Luanda, Nairobi, Tripoli, Tunis, Harare, Lusaka, Conakry, Algiers and Abuja.
Emirates currently flies daily to Luanda, Angola’s capitol. EK 793 leaves Dubai at 1005hrs and arrives in Luanda at 1500hrs. The return flight, EK 794, departs Luanda at 1800, touching down in Dubai eight hours later at 0510.
* The agreement will only take effect after a number of conditions have been satisfied, including the receipt of various government and regulatory approvals.
Top Copyright Photo: TMK Photography/AirlinersGallery.com. Emirates Airline Boeing 777-36N ER A6-ECO (msn 37706) taxies at Toronto (Pearson).
Bottom Copyright Photo: Marcelo F. De Biasi/AirlinersGallery.com. TAAG’s Boeing 777-3M2 ER D2-TEG (msn 40805) arrives in Sao Paulo (Guarulhos).