TAAG Angola Airlines formalized three leasing contracts during the Paris-Le Bourget International Air Show, ordering 9 brand-new Airbus A220-300 overall via lessors, namely ACG, Azorra, and NAC.
LUANDA – As part of the company growth plan and “multi-brand” fleet strategy, TAAG Angola Airlines has just signed multiple commercial agreements during the Paris Air Show 2023, regarding the incorporation of Airbus A220-300 model aircraft into TAAG’s operation.
The company formalized the order for nine aircraft in three days event at Paris Air Show (June 19, 20, and 21 respectively). All the agreements complied with a long-term dry lease contract. From a local content empowerment perspective, the aircraft will have an Angolan crew and an in-country maintenance program, while proper training will be provided to the staff.
Currently, and via international partners (lessors), TAAG has a total of 15 aircraft in the order book with Airbus, with first deliveries (in stages) expected from April 2024 ahead.
The lease agreement format is the most agile and financially sustainable model complying with the company’s current context.
The A220 family’s advanced aerodynamics, combined with specifically designed turbofan engines, contribute to an aircraft that delivers 25% lower fuel burn per seat, with half the noise footprint and decreased emissions, making it a true community-minded jetliner.
TAAG expects savings of around 20% reduction in operational cost globally. The TAAG’s A220-300 will have a capacity for 142 passengers (130 in economy class and 12 in business class). The aircraft is a smart, tech-advanced equipment suitable for nowadays gadgets and passengers will experience the innovative cabin and superior comfort.
Adding the A220 is a demonstration of TAAG’s ambition for modernization and growth as the company is building a versatile fleet able to address market demand under the airline’s expansion plan (new routes and frequencies increase). Thus, the new state-of-the-art Luanda International Airport is currently under construction (set to be live in early 2024) while TAAG is sizing its fleet accordingly. The country’s geostrategic position is a competitive advantage, as Luanda is running to be the next hub for south-south and north-south connections.
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
