Row rect Shape Decorative svg added to bottom Enabling TAAG Angola Airlines to reach new heights Absa | Corporate and Investment Banking > Insights and Events > Enabling TAAG Angola Airlines to reach new heights SHARE We are pleased to have acted as Joint Mandated Lead Arranger, Security Trustee and Facility Agent for TAAG Angola Airlines’ $110 m predelivery payment facility. Angola’s national carrier, TAAG Angola Airlines, is expanding its fleet with four Boeing 787s, to boost its regional and international capabilities, and further its environmental commitments. Absa is delighted to contribute to this deal by supplying the pre-delivery co-financing needed to assist TAAG’s fleet soar. This transaction continues the success of our 2019 collaboration, where Absa facilitated TAAG’s acquisition of six De Havilland Dash 8-Q400 aircraft for $148 million. The deal, which won the AirFinance Journal’s “Africa Deal of the Year” award in 2020, established a strong, trusted partnership between Absa and TAAG. Absa’s role in this transaction will aid TAAG’s turnaround strategy, helping the carrier reduce fuel consumption and carbon emissions by 25% compared to older models. The fleet upgrade will also boost TAAG’s competitiveness on global routes and support its growth efforts. In 2024, Absa received the "Deal of the Year" award at the African Aviation Awards for our participation in the Springboks 2022 Aircraft Leasing Ltd borrower deal, cementing our position as a trusted partner for aviation finance. For more information, please contact: Kobus Swart https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS Absa provides US$150 million financing facility to support Angola’s development priorities Absa Corporate and Investment Banking (CIB) has provided a US$150 million financing facility to the Republic of Angola, reinforcing its commitment to delivering tailored financing solutions that support economic development and growth across Africa. Read more DEALS Absa and Agri3 partner to unlock sustainable agriculture financing across Africa Absa Corporate and Investment Banking (CIB) has entered into a US$100 million Master Risk Participation Agreement with Agri3, a global blended finance vehicle established to mobilise US$1 billion of public and private capital towards sustainable agriculture and forest conservation across developing markets. Read more DEALS Supporting cleaner fuels and long-term energy resilience Natref is investing in refinery upgrades that support cleaner-fuel readiness, operational continuity and South Africa’s inland fuel supply. Read more
