Azorra Leases Three New Airbus A220s to TAAG Angola Airlines

Fort Lauderdale, Florida, USA – June 20, 2023

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Azorra Leases New Airbus A220s

Azorra is pleased to announce that it has signed lease agreements for three new Airbus A220-300 aircraft with state-owned, flag carrier TAAG-Angola Airlines.  The aircraft are scheduled to be delivered in 2024 from Azorra’s firm orderbook with Airbus.

“We are thrilled to expand our A220 footprint into Africa and be partnering with TAAG on their ongoing initiatives to implement their restructuring plan and strategic objectives,” said John Evans, Azorra’s CEO.  “The A220’s technological advancements, right-sized capacity and range capability will be a game changer in TAAG’s markets.  We look forward to further opportunities to partner with Airbus supporting the A220 customer base in Africa and abroad.”

“The incorporation of these A220 aircraft under the agreement with Azorra is a clear sign of our international credibility and a major milestone in renewing the TAAG fleet.  We are deeply committed to growing the company by leveraging our market share and destination portfolio.  Our passengers will benefit from higher connectivity options while planning their trips and a greater flight experience overall, as the Airbus A220 is a smart, tech-advanced equipment suitable for nowadays gadgets.” said Eduardo Fairen Soria, CEO of TAAG Angola Airlines.

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About TAAG

TAAG Angola Airlines was founded in 1938 and it is based in Luanda, Angola´s capital city. For more than 80 years TAAG has connected Angolans with its key domestic and international markets. TAAG is the leading airline in the country, recognized worldwide for its strong high-yield market, having grown its current network to 14 domestic and 13 international destinations. Its fleet allows, in addition to passenger transport, air cargo services which have become essential for Angola´s growth and development. TAAG is a company that prides itself on a strong track record of service and performance excellence.

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About Azorra

Azorra is a relationship-driven aircraft lessor that provides leasing, financing, fleet transition and asset management solutions to aircraft investors, financiers and airline operators worldwide.  Azorra’s multi-cultural team reflects the global markets that we serve and includes core competencies in aviation law, aircraft finance, maintenance, marketing, sales and leasing.  Our team is led by seasoned veterans having a shared history of success and is complimented with young professionals that bring fresh perspective, ideas and enthusiasm.  Azorra owns and manages a fleet of 77 aircraft on lease to 24 operators in 19 countries on 5 continents and has commitments to acquire additional aircraft including orders for new Airbus A220s and Embraer E2s.  The company is headquartered in Fort Lauderdale, Florida with offices in Dublin, Seattle, and Toulouse.

For additional information, please visit us at www.azorra.com or on LinkedIn.