1-Oct-2014 10:38 AM

Emirates and Angola's Government sign management agreement for TAAG

Emirates signed (30-Sep-2014) a 10-year management concession agreement with Angola's Government to take a management role in TAAG and allow the airlines to jointly leverage commercial opportunities. Emirates will work closely with TAAG and Angola's Government to develop and implement a business plan, provide management support, devise fleet and network strategies and develop synergies between the carriers' networks. Emirates will appoint four senior managers to work for TAAG but will not contribute equity. The airlines will cooperate in bilateral codesharing for passenger and cargo services, participation in loyalty programmes and passenger and cargo handling services. Emirates will also allocate resources for staff and crew training. TAAG will explore business opportunities with dnata, particularly passenger and cargo handling, catering and travel services. Emirates expects the partnership to provide better connectivity in central and southern Africa. Emirates sees huge potential in Africa and will commence new routes and increase frequency and capacity on African routes to meet demand. The agreement is subject to conditions, including government and regulatory approvals. [more - original PR]

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