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Bloomberg
The board of Angolan airline Empresa Linhas Aereas De Angola E.P. is preparing to sell part of the state-owned airline, Chief Executive Officer Rui Carreira said. The airline, also known as TAAG, will begin a “gradual†process of creating “adequate and attractive conditions, adding value†for private investors, Carreira said in an audio clip emailed by the company.
The government plans to halt financial support to the airline, which must rely on generating sufficient revenue, Transport Minister Ricardo Viegas De Abreu said in the same audio clip.