Oct 01, 2018 The current TAAG fleet consists of 13 Boeing aircraft, including 5 737-700s, 3 777-200s, and 5 777-300s. The fleet has an average age of 9.1 years. Feature Image by Catarina Madureira/Aeronautics Online. Runaway TAAG 777 rolls into grassy area at Porto Airport, knocking down light pole in the process Submitted about a year ago Earlier this morning, video was captured showing a TAAG Angola Airlines Boeing 777-300ER rolling away from its parked location, into a grassy area at Porto Airport (OPO) in Portugal. 'Meet the Boeing 777 - 300 ER, the star of the TAAG fleet.' Boeing 777 - 200 ER Boeing 777 - 200 ER Boeing 737 - 700 Boeing 737 - 700 De Havilland Dash 8-Q400.
WASHINGTON, D.C. -- The national flag carrier of Angola, TAAG Angola Airlines (Linhas Aéreas de Angola) is purchasing Boeing 777-300ER aircraft with GE90 engines assisted by an approximately $256 million long-term loan guarantee from the Export-Import Bank of the United States (Ex-Im Bank). The aircraft will be used to expand TAAG's intercontinental service provided through its all-Boeing fleet.
Taag 777 Porto
| The national flag carrier of Angola, TAAG Angola Airlines, is buying Boeing 777-300ER aircraft with GE90 engines with the support of a long-term loan guarantee from Ex-Im Bank. Photo courtesy of The Boeing Co. |
Ex-Im Bank is pleased to add this transaction to our support for Boeing sales to TAAG Angola Airlines. Our loan guarantees have helped the airline to access affordable financing and build its fleet in order to provide expanded air service for Angola. The U.S. aerospace exports financed by this transaction also will support jobs at Boeing and its hundreds of suppliers across the United States, said Ex-Im Bank Chairman Fred P. Hochberg.
This transaction also adds to Ex-Im Bank's significantly increased support for U.S. exports to sub-Saharan Africa in fiscal year 2011, which has more than doubled over the previous record set last year, Hochberg added.
Ex-Im Bank's financing support of our acquisition of 777-300ER aircraft is critical to TAAG's success in achieving a strongly competitive position in the Africa-to-Europe marketplace, said Dr. Pimentel Araújo, chairman of TAAG Angola Airlines.
The transaction is structured as an asset-backed finance lease in which Ex-Im Bank retains a first-priority security interest in the financed aircraft. Ex-Im Bank's guarantee is supported by a sovereign guarantee from the Angolan government.
Taag 777 Porto
| The national flag carrier of Angola, TAAG Angola Airlines, is buying Boeing 777-300ER aircraft with GE90 engines with the support of a long-term loan guarantee from Ex-Im Bank. Photo courtesy of The Boeing Co. |
Ex-Im Bank is pleased to add this transaction to our support for Boeing sales to TAAG Angola Airlines. Our loan guarantees have helped the airline to access affordable financing and build its fleet in order to provide expanded air service for Angola. The U.S. aerospace exports financed by this transaction also will support jobs at Boeing and its hundreds of suppliers across the United States, said Ex-Im Bank Chairman Fred P. Hochberg.
This transaction also adds to Ex-Im Bank's significantly increased support for U.S. exports to sub-Saharan Africa in fiscal year 2011, which has more than doubled over the previous record set last year, Hochberg added.
Ex-Im Bank's financing support of our acquisition of 777-300ER aircraft is critical to TAAG's success in achieving a strongly competitive position in the Africa-to-Europe marketplace, said Dr. Pimentel Araújo, chairman of TAAG Angola Airlines.
The transaction is structured as an asset-backed finance lease in which Ex-Im Bank retains a first-priority security interest in the financed aircraft. Ex-Im Bank's guarantee is supported by a sovereign guarantee from the Angolan government.
Molottery winning numbers. Ex-Im Bank previously provided approximately $338.5 million in loan guarantees in 2006 to assist TAAG Angola Airlines in its purchase of B737-700 and B777-200ER aircraft.
TAAG Angola Airlines was founded in 1938 and is based in Luanda, Angola's capital. The state-owned airline has operated flights both domestically and internationally and primarily serves the major cities of Angola and cities in Europe and South America.
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About Ex-Im Bank:
Ex-Im Bank is an independent federal agency that helps create and maintain U.S. jobs by filling gaps in private export financing at no cost to American taxpayers. The Bank provides a variety of financing mechanisms, including working capital guarantees, export-credit insurance, and financing to help foreign buyers purchase U.S. goods and services.
In the first seven months of fiscal year 2011, Ex-Im Bank approved $14.8 billion in total financing authorizations, supporting $17.8 billion in U.S. export sales. These sales will support more than 129,000 American jobs in communities across the country. This seven-month authorizations figure is the highest in the Bank's history.
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The TAAG Angola Airlines transaction brings the total of Ex-Im Bank's authorizations supporting U.S. exports to sub-Saharan Africa in fiscal year 2011 to approximately $1.75 billion -- more than double the previous record of $812 million set in fiscal year 2010.
For more information, visit Ex-Im Bank's Web site at www.exim.gov.
