Menu
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

TUI AG: TUI Group - Completion of further Aircraft sale and leaseback agreement with BOC Aviation Limited


TUI AG (TUI)
TUI AG: TUI Group - Completion of further Aircraft sale and leaseback agreement with BOC Aviation Limited

30-Oct-2020 / 08:00 CET/CEST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


TUI Group - Completion of further Aircraft sale and leaseback agreement with BOC Aviation Limited

 

Hannover, 30.10.2020. TUI Group confirms the signing of a further sale and leaseback ("SLB") agreement with BOC Aviation Limited for two new Boeing 737 MAX-8 aircraft for the aggregate sum of $90m (~€76m).

 

The two new aircraft are expected to be delivered during Winter 20/21, in line with our newly agreed deferred re-fleeting programme with Boeing, once EASA recertification of the Boeing 737 MAX-8 has been achieved.

 

This new lease agreement with BOC Aviation Limited is expected to be on standard commercial terms and will create a total lifetime lease obligation of around €88m to commence by the end of FY21.

 

 

ANALYST & INVESTOR ENQUIRIES

 

Mathias Kiep, Group Director Investor Relations
and Corporate Finance

 

Tel: +44 (0)1293 645 925/
+49 (0)511 566 1425    

 

 

Nicola Gehrt, Director, Head of Group Investor Relations

Tel: +49 (0)511 566 1435

 

Contacts for Analysts and Investors in UK, Ireland and Americas

Hazel Chung, Senior Investor Relations Manager

Corvin Martens, Senior Investor Relations Manager

Tel: +44 (0)1293 645 823

Tel: +49 (0)170 566 2321

 

Contacts for Analysts and Investors in Continental Europe, Middle East and Asia

Ina Klose, Senior Investor Relations Manager

Tel: +49 (0)511 566 1318

 

Media

 

Kuzey Alexander Esener, Head of Media Relations, Group Communications

Tel: +49 (0)511 566 6024

 



ISIN: DE000TUAG000
Category Code: AGR
TIDM: TUI
LEI Code: 529900SL2WSPV293B552
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.: 86777
EQS News ID: 1143600

 
End of Announcement EQS News Service

fncls.ssp?fn=show_t_gif&application_id=1143600&application_name=news&site_id=sharewise

TUI AG Stock

€4.02
-13.590%
Heavy losses for TUI AG today as the stock fell by -€0.632 (-13.590%).
Currently there is a rather positive sentiment for TUI AG with 38 Buy predictions and 10 Sell predictions.
As a result the target price of €8.00 shows a very positive potential of 99.005% compared to the current price of €4.02 for TUI AG.
Like: 0
Share
EQS Group is a leading international provider of regulatory technology in the fields of corporate compliance and investor relations. In working with EQS Group, thousands of companies worldwide inspire trust by fulfilling complex national and international disclosure obligations, minimizing risks and communicating transparently with stakeholders.




Comments