Angola will continue restructuring its state-owned airline, TAAG, next year as part of plans to privatize the 86-year-old carrier in 2026.
Transport Minister Ricardo Viegas d’Abreu stated the goal is to attract a partner to reduce operating costs and expand TAAG’s international presence.
The airline, which operates key routes to Angola’s provinces, Portugal, and Brazil, reported a $97.5 million loss in 2023 and has long relied on government support.
The privatization aligns with Angola’s broader efforts to diversify its oil-dependent economy and attract foreign investment through infrastructure projects, including a $3 billion Chinese-built international airport expected to handle 15 million passengers annually.
The TAAG privatization comes as Angola positions itself to become a hub for African air travel. Generally, aviation comprises only 2% of global activity.
The government also seeks partnerships to support its sustainable development strategy, leveraging high-profile visits like President Joe Biden’s trip to boost economic diversification and attract investment beyond the oil sector.
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