TUI AG: TUI Group - Completion of further Aircraft sale and leaseback agreement with BOC Aviation Limited
TUI AG (TUI)
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
|OAM Categories:||3.1. Additional regulated information required to be disclosed under the laws of a Member State|
|EQS News ID:||1143600|
|End of Announcement||EQS News Service|
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.