AWARDS | 24 JUNE 2021

Africa Deal of the Year Award

Absa | Corporate and Investment Banking > Insights and Events > Africa Deal of the Year Award
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Absa CIB are the winners of the Airfinance Journal Awards 2020, Africa Deal of the Year. That’s Africanacity

We’re proud to be announced as the winners of Airfinance Journal Awards 2020, Africa Deal of the Year.  This incredible achievement recognises our innovative deal with Angola’s national carrier, TAAG Linhas Aéreas de Angola, closed in testing times for the airline industry in collaboration with African Export-Import Bank.

Absa’s role as joint Mandated Lead Arranger, Security Trustee and Facility Agent, in a USD 145m transaction that assisted TAAG in transitioning to six new fuel efficient De Havilland Dash 8-400 aircraft.

“This transaction was a uniquely African deal, with an African airline assets financed by an all- African banking consortium.” Airfinance Journal. Living up to being a global industry, the deal team reached from Luanda, Johannesburg, Cairo, Lisbon, Dublin, London, Cayman Islands, Montreal and Hong Kong.

Flying the spirit of Africanacity.

Contact Morne Visagie, Head of Structured Asset Finance to find out more.

Rui Carreira, CEO of TAAG, Angloa, Morne Visagie head of structured asset finance at ABSA, South Africa and Sameer Adam RVP of Sales at De Havilland in Canada discuss the COVID hurdles and obstacles which were overcome and the trailblazing deal which saw TAAG taking delivery of their first Dash8.

Watch Hon. Ricardo Daniel Sandao Quieros Viegas D'Abreu, Minister of Transport, The Republic of Angola discuss the role of aviation in the development of trade in Angola, the impact of Covid on the industry and the country's aim for infrastructure growth and development.

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