Angola’s state-owned airline, TAAG, will purchase Boeing 787-10 aircraft and spare engines through a $297 million financing deal supported by the U.S. Export-Import Bank (EXIM).
The agreement, announced on Wednesday, will cover wide-body jets and General Electric Aerospace equipment, according to Bloomberg.
The financing is expected to support about 1,400 jobs across the United States, particularly in South Carolina, Ohio, and other areas involved in the Boeing and GE Aerospace supply chains.
“With nearly 1,400 jobs supported across the United States through this transaction, EXIM continues to fulfill its mandate to support jobs through exports,” said James Cruse, acting president and chairman of EXIM.
“With today’s approval, we are supporting the nation’s economic security while bolstering Angola’s economy through the export of these aircraft and engines.”
Don’t Miss This:
Angola Emerges as a Growing Investment Destination in Africa
The aircraft purchase is part of Angola’s broader goal to establish its new $3 billion Dr. Antonio Agostinho Neto International Airport in Luanda as a major hub for regional and international air traffic.
Although the airport is being financed by China, Angola retains full ownership and operational control.
Transport Minister Ricardo Viegas d’Abreu said the new airport is designed to become a central point connecting Angola’s ports, railways, and air corridors, forming a key part of the country’s national logistics strategy.
In its initial phase, the airport will be able to handle up to 130,000 tonnes (287 million pounds) of cargo annually, with plans to expand that capacity to 444,000 tonnes (970 million pounds).
The facility is expected to compete with Johannesburg’s OR Tambo International Airport, positioning Angola as a strategic aviation hub in sub-Saharan Africa and supporting broader efforts to drive economic growth and regional integration.
Don’t Miss This:
Angola Makes Major Offshore Gas Discovery in Landmark Exploration Milestone
Image Credit: Bloomberg
