africa Aviation Banking Economy Finance Transport Travel

Angola negotiates new airplanes for country’s airline

Approximate reading time: 2 minutes

A new package for the acquisition of new Boeing airplanes to bolster the Angolan Airlines (TAAG) is being negotiated between the Angolan State and the US Multinational Corporation.

The information was given on Tuesday, in New York, by the Angolan President, João Lourenço, during a meeting with US businesspeople and potential investors for the market of the south-west African country.

The discussions revolve around the acquisition of short and long- distance journey airplanes, whose cost was not disclosed.

The measure, to be materialised by the year 2020, will enable TAAG to compete on equal terms with other companies of the air sector.

The decision comes as a backdrop of the conclusion of Luanda’s new airport construction works.

TAAg’s fleet is comprised by thirteen Boeing airplanes.

During the meeting the Angolan President underlined the fact that there is no democratic state and rule of law without transparency.

He also reinforced appeal for intervention from the private sector in the Angolan economy.

The Constitution never prohibited the intervention by the private sector in the economy, said the Angolan leader, “I am referring to the excess of bureaucracy, the existence of monopoly in some sectors of the economy”, added the president.

Meanwhile, the Angolan President assured the potential investors that he has already undertaken actions to put an end to this issue.

João Lourenço explained that currently the businesspeople who choose to invest n Angola can now get the visa when they arrive in the country, at the port of entry.

“If you are investing in Angola from now on, as long as you declare your intention to invest to the Private Investment and Export Promotion Agency of Angola (AIPEX), you will benefit from this facility,” he said.

João Lourenço arrived Saturday in New York to participate in the 73rd UN General Assembly, which began on the 18th of this month.

Source: Angop

Advertisements

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.