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DUBAI, United Arab Emirates (AP) — Emirates airline — the Middle East's largest carrier — has signed a 10-year management deal with Angola's national airline in a move that could bolster the Dubai-based carrier's foothold in Africa.
The deal signed Tuesday does not include an equity investment by Emirates. Rather, Emirates will appoint four senior executives to implement a new business plan for TAAG Angola Airlines. Emirates will also conduct crew training.
Chairman and Chief Executive of Emirates Ahmad bin Saeed Al Maktoum said in a statement the company sees "huge potential in Africa."
He says that Emirates wants to provide "deeper reach and better connectivity" for its passengers in Central and South Africa.
The agreement includes code-sharing and participation in frequent flyer programs.
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