Emirates and the Republic of Angola, in its capacity as the majority shareholder in TAAG Linhas Aéreas De Angola, have announced the signing of a management concession agreement in which Emirates will assume a role in the management of TAAG.
The agreement, which will only take effect after a number of conditions have been satisfied, including the receipt of various government and regulatory approvals, lays the foundation for both airlines to jointly leverage commercial opportunities in Africa and beyond.
As part of the agreement, Emirates will work closely with the Angolan government and the airline 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 will rather appoint four senior managers to work for TAAG.
Both airlines will also co-operate 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 allocating its resources to staff and crew training on best-in-class business and operational processes and systems.
TAAG 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.