Angolan state-owned airline company TAAG Angola has announced that it has signed agreements with four leasing companies for the provision of nine Airbus A220–300 single-aisle airliners as part of the firm’s growth and multi-brand fleet strategy. The contracts increase the number of A220–300s ordered by TAAG Angola to 15.
The aircraft will be supplied by Aviation Capital Group, Air Lease Corporation, Azorra and Nordic Aviation Capital under a long-term dry lease contract.
As such, the aircrafts will be operated by TAAG Angola crew under efforts to advance local content and capacity building across the transportation industry.
TAAG Angola says the development is in line with the group’s effort to modernize and expand its fleet and services to meet growing consumer demand, to expand airline routes while increasing flight frequencies both in existing and new markets.
“The lease agreement format provides the most agile and financially sustainable model, aligning with the company’s current context,” highlighted TAAG Angola in a press statement. The A220-300 planes are expected to reduce the firm’s global operational expenses by 20% through fuel efficiency associated with the new models.
