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 Supporting expansion in SA’s healthcare property market Absa CIB partners with Growthpoint Healthcare Property Holdings on a R950 million facility to finance healthcare infrastructure. Read more DEALS Connecting African Growth with Global Capital Absa Corporate and Investment Banking supported Ecobank Transnational Inc.’s (ETI) landmark $125 million Eurobond Tap - the first African financial institution issuance in international markets following the tariff-related US market disruption. Read more DEALS Driving Impact Through Purposeful Capital At Absa Corporate and Investment Banking, we believe that sustainable investment is key to long-term economic resilience. Our support of LeapFrog Investments reflects our belief in creating measurable impact - across ESG, economic, and community outcomes, by backing businesses that are accelerating growth across emerging markets. Read more