TAAG Angola Airlines’ Acquisition of Six de Havilland Canada Aircraft

Pillsbury Winthrop Shaw Pittman LLP advised ABSA Bank and African Export-Import Bank on the deal.

TAAG Angola Airlines acquired six de Havilland Canada Dash 8-400 aircraft.

The acquisition is supported by a $118 million sovereign guarantee issued by the Government of Angola.

TAAG Angola Airlines is the state-owned national airline of Angola. Based in Luanda, the airline operates an all-Boeing fleet on domestic services within Angola, medium-haul services in Africa and long-haul services to Brazil, Cuba, and Portugal.

Pillsbury represented ABSA Bank Limited (as lead arranger and lender for both transactions) and African Export-Import Bank (as joint mandated lead arranger and lender for the long term financing).

The Pillsbury team was led by Paul Jebely (Picture) with the support of Eugene Yeung and Mark N. Lessard

Involved fees earner: Paul Jebely – Pillsbury Winthrop Shaw Pittman LLP; Mark Lessard – Pillsbury Winthrop Shaw Pittman LLP; Eugene Yeung – Pillsbury Winthrop Shaw Pittman LLP;

Law Firms: Pillsbury Winthrop Shaw Pittman LLP;

Clients: Absa Bank Limited; African Export-Import Bank;

Author: Michael Patrini