TAAG Angola Airlines to lease four Airbus A220 aircraft from Aviation Capital Group

Aviation Capital Group, one of the world’s premier full-service aircraft asset managers with over 480 owned, managed and committed aircraft as of March 31, 2023, has announced it has entered into long-term leases with TAAG Angola Airlines for four new Airbus A220-300 aircraft. The aircraft are scheduled to be delivered to TAAG in 2025 from ACG’s order book with Airbus.

“On behalf of ACG, we’re truly honoured 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.

“The incorporation of four new A220 aircraft under the agreement with ACG 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 by 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.

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.