TAAG and AIR LEASE Corporation sign deal for six Airbus A220-300 Aircraft
Luanda Based carrier, TAAG Angola Airlines has placed an order of 6 Airbus A220-300 under a leasing agreement with the Air Lease Corporation. The deal shall see the aircraft delivered gradually between 2023 and 2024 with 5 of the 6 aircraft being delivered between January and July 2023.
This comes as TAAG intends to reinforce its fleet by the introduction of its first Airbus aircraft into its fleet as the leasing agreement was regarded as agile and financially sustainable for the airline’s current context.
The Airbus A220-300 is a state-of-the-art aircraft that sees the airline save 30% in fuel costs and a total of 20% reduction in operating costs in its global operations. The deal was signed with ALC during the Farnborough International Airshow that was held during the third week of July.
Eduardo Fairen, the CEO of TAAG said, “Today we start our relationship with ALC incorporating six new Airbus A-220-300 into our fleet. It’s indeed a significant announcement for us as we are celebrating a new era and a new vision for TAAG. We are alive, back in business, breaching with the past to achieve greater results and becoming a reference for Africa. This partnership emphasizes our commitment to grow and further improve our credibility among international stakeholders while creating a new value proposition for our passengers.”
TAAG further revealed the composition of their A220-300 where;
- Total Passengers: 142 seats
- Economic class: 130 seats
- Executive class: 12 seats
- Flight autonomy: 7 to 8 hours of flying time
- Usable cargo volume: 28 m3
