Angola’s TAAG Secures $297M EXIM-Backed Deal for Boeing 787 Jets to Boost Luanda’s New Aviation Hub
Angola’s state-owned airline, TAAG Angola Airlines, is set to acquire Boeing 787-10 wide-body aircraft and General Electric Aerospace engines through a $297 million financing package backed by the U.S. Export-Import Bank (EXIM).
The agreement, announced Wednesday, will support the delivery of new aircraft and spare engines while strengthening U.S. manufacturing jobs and Angola’s aviation infrastructure.
According to Bloomberg, the deal is expected to sustain approximately 1,400 jobs across South Carolina, Ohio, and other states within Boeing’s and GE’s 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 Bank.
“This approval strengthens America’s economic security while also contributing to Angola’s aviation growth.”
The transaction aligns with Angola’s broader vision to establish the new $3 billion Dr. Antonio Agostinho Neto International Airport in Luanda as a regional and intercontinental aviation hub. Though the airport’s construction was financed by China, Angola retains full ownership and operational control of the facility.
Angolan Transport Minister Ricardo Viegas d’Abreu described the airport as a key component of the country’s integrated logistics strategy, linking air routes with national ports and railways.
In its initial phase, the airport is equipped to handle up to 130,000 tonnes (287 million pounds) of cargo annually, with future expansion plans targeting up to 444,000 tonnes (970 million pounds).
Once fully operational, the airport aims to rival South Africa’s OR Tambo International Airport, positioning Angola as a central aviation gateway for sub-Saharan Africa.
The infrastructure upgrade is expected to enhance regional connectivity, boost trade flows, and drive long-term economic development.
