Enabling TAAG Angola Airlines to reach new heights

SHARE
Facebook
Twitter

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:

Related Articles

DEALS

Propelling Africa’s property investment landscape forward

Our transformative role as a Debt Provider in TriColour Investments’ R1.1 billion deal is a source of tremendous pride, and investing in new partnerships is the bedrock of writing innovative success stories. That’s why we are thrilled to announce our new deal with TriColour Investments (Pty) Ltd, a Johannesburg-based property investment company specialising in the development and ownership of commercial and industrial properties.

DEALS

Fuelling stories of sustainable growth in local communities

We’re excited to announce that we're partnering with Cubisol Holdings in a transformative real estate deal that champions sustainable development and community impact.

DEALS

Building Stronger Partnerships to Drive New Growth

We are proud to act as the sole financial adviser to Bidvest Group in their strategic expansion into a new segment of South Africa’s industrial sector.