Emirates & Angola fall out, end TAAG Angola management 

Emirates has ended its management of TAAG Angola after just two years of a 10 year contract. The spat comes as Emirates has been unable to get the money its owed for ticket sales on what was its daily flight from Dubai to Luanda. 

The money is trapped by foreign currency regulations the Angolan government won’t lift. Emirates cut the daily flights in protest, to 5 weekly and now 3 weekly. Termination seems inevitable. 

TAAG Angola had been doing well going from $119 million loss to just $5 million in 18 months of Emirates management. 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s