Angolan airline TAAG reaches agreement with Boeing for debt repayment

TAAG and aircraft manufacturer Boeing reached an agreement on the “resolution of pending financial matters”, the Angolan airline said on Sunday, without disclosing the amount and form of payment.
The agreement creates “conditions for cooperation in the supply of aircraft in the future” and updates some premises of the Memorandum of Understanding signed between the parties, “in line with TAAG’s interests in obtaining a more favorable agreement and in accordance with the current context of the international commercial aviation market,” the airline says in a statement.
The “outstanding financial issues” were generated mainly during the pandemic phase, “which affected the activity of airlines globally and aggravated the debt with suppliers”, says the TAAG.
At the end of 2021, TAAG had 15 Boeing 777 and Boeing 737 aircraft and has recently announced its intention to reinforce its fleet in the second half of 2023 with six new Airbus A220-type aircraft (under lease) “in the long term” perspective of the term.

About Geraldine Boechat 2734 Articles
Senior Editor for Medafrica Times and former journalist for Swiss National Television. former NGO team leader in Burundi and Somalia