TAAG Angola announces lease agreements with ACG for 4 Airbus A22O Aircraft

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TAAG Angola Airlines has announced that it has entered into a long-term lease agreement with Aviation Capital Group LLC (“ACG”) for four new Airbus A220-300 aircraft. The aircraft will be delivered to TAAG in 2025 from ACG’s order book with Airbus.

The announcement was made during Paris Air Show, day one.

“Incorporating four new A220 aircraft under this agreement is a clear sign of our international credibility and a major milestone in renewing the TAAG fleet. We are deeply committed to growing the company, leveraging our market share and destination portfolio. Our passengers will benefit from higher connectivity options while planning their trips and a greater flight experience overall, as the Airbus A220 is a smart, tech-advanced equipment suitable for nowadays gadgets,” said Eduardo Fairen, CEO of TAAG Angola Airlines.

“On behalf of ACG, we’re truly honored and proud to be a business partner of TAAG Angola Airlines, supporting its growth and expansion plans with the modern and environmentally friendly A220-300 aircraft. This state-of-the-art equipment, with its comfort, low noise and fuel economy characteristics will support TAAG’s mission to reopen markets, tap into new destinations and increase the connectivity options with more frequencies,” said Tom Baker, CEO and President of ACG.

Mikail Houari, President, Airbus Africa and Middle East said: “The A220 is perfectly suited to the requirements of the African market and is the ideal choice for TAAG Airlines as it expands its footprint on the continent and beyond. Thanks to its optimal size, single aisle comfort, and generous baggage and cargo capacity, the aircraft will further elevate TAAG’s service capabilities.”

About Aviation Capital Group
Aviation Capital Group was founded in 1989 and is one of the world’s premier full-service aircraft asset managers with approximately 480 owned, managed and committed aircraft as of September 30, 2022, which are leased to approximately 90 airlines in approximately 45 countries. ACG is a wholly owned subsidiary of Tokyo Century Corporation.

About TAAG
TAAG Angola Airlines was founded in 1938 and it is based in Luanda, Angola´s capital city. For more than 80 years TAAG has connected Angolans with its key domestic and international markets. TAAG is the leading airline in the country, recognized worldwide for its strong high-yield market, having grown its current network to 14 domestic and 13 international destinations. Its fleet allows, in addition to passenger transport, air cargo services which have become essential for Angola´s growth and development. TAAG is a company that prides itself on a strong track record of service and performance excellence.

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