AN Angolan TAAG Boeing 737 crashed in the northern city of M'banza Congo on Thursday 28 June, killing at least five people and injuring 66 others, of the 78 persons onboard. The aircraft, a 1985 build 737-200ADV model, was arriving from Luanda Angola and was initially said to have landed over halfway down the 1800m airstrip, blowing tires on one side, overrunning and hitting a building. It was supposedly a similar scenario to the Garuda Flt200 crash of a 737 at Yogyakarta in March. However it would now appear from later reports that it was actually an undershoot accident, and one which tore off the maingear. Among those killed in the TAAG accident were the municipal administrator of M'Banza Congo and a senior Roman Catholic priest from Italy. TAAG, Angola's national airline, flies to destinations in Angola as well as cities in Africa, Europe and South America. The crash came on the same day that the European Union added TAAG Angolan Airlines to a list of international airlines barred from flying in its airspace due to safety reasons. Angola is sub-Sarahan Africa's second largest oil exporter after Nigeria. TAAG is prospering and increasing its fleet with new Boeing buys and a number of options. It had plans to introduce flights to Beijing, Houston and Dubai, however the EU ban and the nature of this accident could have serious financial implications for the airline.