Luanda, May 6, 2026 (Lusa) – The National Bank of Angola (BNA) has sold $105 million (€90 million) in foreign currency to airlines since the start of 2026 to settle outstanding sector operations, the central bank statement said.

The BNA said operations during 2026 totalled just over $105.4 million (about €90 million). April saw a particular spike, with the bank selling almost $94.5 million (around €80.6 million), covering all pending operations the commercial banks reported for the sector.

The regulator said these sales had an "exceptional character" aimed at ensuring the smooth running of airline operations, with a direct impact on international connectivity and the normal functioning of air transport.

The central bank added that, besides its direct interventions, airlines also benefited from foreign currency through commercial banks, ensuring access to foreign currency through both the central bank and commercial banking.

The National Civil Aviation Authority (ANAC) acknowledged in October 2025 that international airlines in the country still struggle to repatriate profits, ANAC manager Neusa Lopes said at the authority's advisory board.

She said exchange rate changes "have a great impact on the civil aviation sector," mainly because the country does not manufacture aeronautical parts or components. Operators must buy these with foreign currency and face difficulties accessing bank financing.

Recently, Turkish Airlines announced it would temporarily suspend flights to Luanda from May to September 2026. Transport Minister Ricardo Viegas de Abreu dismissed claims of currency shortages and attributed the decision to the impact of the war in the Middle East on aviation fuel prices.

The price of Jet A1 fuel soared 102% in Angola between March and April 2026.

RCR/LYT // AYLS

Lusa