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

eqs_en 
0 0 30.10.20
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

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Tui AG Stock

€6.75
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The Tui AG stock is trending slightly upwards today, with an increase of €0.028 (0.420%) compared to yesterday's price.
With 10 Buy predictions and not the single Sell prediction the community is currently very high on Tui AG.
As a result the target price of 8 € shows a slightly positive potential of 18.55% compared to the current price of 6.75 € for Tui AG.
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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.




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