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Air Lease Corporation Places Six New Airbus A220-300s With TAAG Angola Airlines

Air Lease Corporation has placed six new Airbus A220-300s on long-term lease with TAAG Angola Airlines. The aircraft will be delivered between 2023 and 2014 from ALC's orderbook with Airbus.

Airbus A220-300 Rendered in Air Lease Corporation Livery - Courtesy Airbus

On Monday (July 18, 2022), from the 2022 Farnborough International Airshow in the UK, Air Lease Corporation (ALC) announced the placement of six new Airbus A220-300s with TAAG Angola Airlines. The aircraft will come from ALC's existing orderbook with Airbus and will be delivered to TAAG between 2023 and 2024.

In Monday’s announcement, Air Lease Corporation’s Executive Chairman, Steven Udvar-Házy, said,

“ALC is pleased to announce this significant lease placement for six new Airbus A220s with TAAG and be the first to introduce Airbus aircraft to the airline. The capabilities of the A220-300 will greatly enhance TAAG’s operational efficiency and expanding route network with the most modern, fuel-efficient aircraft.”

Also commenting on the new long-term lease agreement, ALC’s Executive Vice President, Kishore Korde, said,

“The A220-300 with its fuel efficiency, range and improved operating economics will progressively replace TAAG’s Boeing 737-700 fleet and allow the airline to optimize and broaden its flight schedule coverage and destinations from Luanda.”

TAAG Angola Airlines’ Chief Executive Officer, Eduardo Fairen, added,

“Today we start our relationship with ALC incorporating six new Airbus A220-300 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 improving our credibility among international stakeholders while creating a new value proposition for our passengers.”

Founded in 1938, Luanda, Angola-based TAAG Angola Airlines has connected Angolans with key domestic and international markets for over 80 years. TAAG is the leading airline in Angola and currently serves 14 domestic and 12 international destinations. The carrier also offers cargo services, which have become essential for Angola’s growth and development.

Based in Los Angeles, California, Air Lease Corporation (NYSE: AL) is a leading global aircraft leasing company. The ALC team is principally involved in the purchase of commercial aircraft and leasing them to airlines worldwide with customized leasing and financing solutions.

Source: Air Lease Corporation


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