Ver Angola


TAAG cargo revenues grow above expectations with help from China

The airline TAAG announced that in the first eight months of this year it obtained US$67 million in revenues in the cargo segment, a result above expectations for 2022, thanks also to China.


"Between January and August 2022, the total revenue of TAAG's cargo segment was around 67 million US dollars, an exceptional result that exceeds the target of 55.5 million dollars stipulated for this year, a performance 20 per percent above what was budgeted when there are still four months to go before the end of the year", reads a note.

The income collected by TAAG's cargo segment has evolved favorably in recent years, as shown by the latest reports and accounts (33 million dollars in 2021, a 14 percent growth compared to 2020, the year in which the company obtained 29 million dollars, recalls the statement.

According to the note, this is due to cargo between China and Latin America, namely Brazil, via Angola.

"This positive performance is the result of teamwork", but also "from contracts signed by TAAG for charter flights [exclusively for cargo] between China and Latin America [Brazil] via Angola", says the company.

"Currently, TAAG has several active connections from Luanda to Chinese cities (Changsha, Hong Kong, Guangzhou, Shanghai Hongqiao or Beijing) for aircraft loading. Typically, the cargo transported corresponds to raw materials, agricultural products, electronics and various goods", he adds.

TAAG's cargo and mail operations are carried out by three aircraft, two of which are Boeing 777s for long-haul intercontinental connections, and one Boeing 737 for regional routes, the airline said.

"Cargo and mail transport is increasingly strategic for TAAG with a growing contribution to the company's sustainability. I also see great benefits and positive synergies for the cargo business with the construction of the future Luanda International Airport", says Eduardo Fairen, executive chairman of TAAG, quoted in the statement.

In parallel, "with the effort to increase its income", TAAG "is also committed to reducing costs", says the note.

The objective is to achieve a reduction "in the order of US$10 million by August 2023, and this year, between July and August, TAAG's Procurement and Services department achieved savings of US$1.4 million through the renegotiation of contracts and purchases, keeping all services functional", underlines the note.

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