The Angolan Ministry of Finance has approved the issuance of Treasury Bonds (OT) worth approximately €161 million to capitalize Linhas Aéreas de Angola (TAAG), the national airline announced on Wednesday (8).
The decision comes “as part of TAAG’s financial sustainability and transformation plan for the 2026 fiscal year,” the statement reads.
According to the document, the operation falls under the legal framework applicable to the capitalization of public-sector companies and is part of the “structural measures aimed at strengthening the financial soundness of the national airline.”
TAAG notes that the operation does not constitute a direct injection of liquidity, but rather the transfer of public debt to the flag carrier.
The capital injection will, according to the company, “consolidate TAAG’s financial base, optimize resource management, and strengthen operational responsiveness,” as well as enhance aircraft operational availability and the sustainable expansion of the destination network, promoting greater regional and international connectivity.
“The completion of this transaction represents a pivotal step in the process of restoring Linhas Aéreas de Angola’s financial stability. This capital injection allows us to accelerate our modernization and transformation efforts, improve operational efficiency, and establish a sustainable path toward growth and competitiveness,” emphasized Clóvis Rosa, Chairman of the Board of Directors, as quoted in the press release.
The amount exceeds a similar transaction from 2023, when the government issued 106.7 million euros for the same purpose, and comes after TAAG closed 2024 with a net loss of 127.3 million euros and negative equity of 20.3 million euros.
At the same time, the national airline launched a cost-cutting plan in February—the PALANCA program, part of the 2025-29 Strategic Transformation Plan—which includes the temporary suspension of external hiring, internal promotions, and non-essential expenses.
The privatization of TAAG, which has been repeatedly postponed since 2019, is scheduled to be carried out through a Limited Tender by Prior Qualification (CLPQ) in 2026, according to a Presidential Decree dated February 24.
Source: Lusa
