TAAG and the Chinese Aviation Group Lucky Aviation have signed a commercial agreement for intercontinental cargo transport connecting Asia to Africa and South America.
As part of the company strategy to diversify revenue streams, TAAG Angola Airlines has just signed a commercial agreement with the Chinese Aviation Group Lucky Aviation. The operation will be leveraged by TAAG aircraft on a charter contract basis, exclusively for cargo transport.
The Changsha (CSX) – Luanda (LAD) – São Paulo (GRU) route will go live this week, connecting three countries from different continents, China, Angola, and Brazil, respectively.
Initially the connection will be operated by a Boeing 777-200 ER aircraft with two flights per week. Afterwards, we will up gauge to the Boeing 777-300 ER aircraft with 76 tons load capacity.
Moreover, this agreement is open to scalability. There is a huge potential for new routes with origin in other Chinese cities, namely Hong Kong (HKG), Chengdu Tianfu (TFU), Guangzhou (CAN), Chengdu Shuangliu (CTU), Shanghai Hongqiao (SHA), and Beijing (BJS), China capital city. There is also the opportunity to connect to other destinations, namely the BRICS countries such as India, sub-Saharan African countries, and key cities in Europe.
Typically, the cargo to be transported will be raw materials, agricultural products, electronics, and miscellaneous goods.
The partnership is valued 200 million US dollars approximately.
Among other core initiatives, TAAG’s growth strategy is to empower businesses around the world, creating synergies between countries and position Luanda as a major gateway to Latin America, Rest of Africa, Asia, and Europe.